6 March 2020 – Panmure Gordon, today announces that Ian Axe has resigned as CEO with immediate effect.
Brian Saunders, Chairman of Panmure Gordon and Head of UK and Europe, Atlas Merchant Capital said: “The Board would like to thank Ian Axe for the work he has undertaken to restructure and reposition Panmure Gordon. We appreciate his leadership during these challenging market conditions. On behalf of Atlas Merchant Capital, I’d like to reconfirm our commitment to build on Panmure Gordon’s heritage and strengths to be a leading merchant bank to small and mid-size companies. We wish Ian Axe the best in his future pursuits.”
Ian Axe said: “It has been an honour and pleasure to lead Panmure Gordon during this time of change and I am proud of our achievements over the last two years. I wish the team the very best as it enters the next stage of its growth. With the firm’s recent positive momentum, now is the time for someone else to take the company to its next level. I look forward to continuing the directorship of my fintech fund and my charity leadership role.”
Panmure Gordon has today issued a separate strategic update.