Press release

Panmure Gordon further expands coverage of financial services sector

Panmure Gordon has broadened its financial services sector coverage through the appointment of two senior equity research analysts.

Rae Maile and Phil Dobbin have joined the equity research team to cover diversified financials.

Rae and Phil will work closely with Barrie Cornes, Panmure Gordon’s highly-rated insurance analyst – building upon a team that also includes Ming Zhu and award-winning banks and specialist lenders analyst, Shailesh Raikundlia.

Financial services is one of the key areas of sector expertise that has been identified for investment by Panmure Gordon as it builds upon its equity capital markets and stockbroking franchise to create a 21st century merchant bank.

The expansion of financials coverage in equity research follows the arrival of three senior investment bankers covering financial institutions.

Stephen Howard joined in February to lead the Company’s financial institutions investment banking activities; Antoine Dupont-Madinier also joined in February with a remit to focus on asset management, asset servicers and FinTech companies; Max Cornu-Thenard joined in March to cover the insurance sector.

Alan MacDonald, Head of Equities at Panmure Gordon, said: “Rae and Phil bring a huge amount of additional experience to the team, filling the gaps in our coverage of the financial services sector and strengthening a highly-capable team. We have already made some big hires in our investment banking division to cover the sector, which is a key area of focus for the business as we continue to diversify our business to work with institutional and corporate clients.”

Rae joins from Cenkos Securities where he was an equity research analyst covering UK general financials and global tobacco companies. Previously he was a partner at Cazenove and an MD at J.P. Morgan Cazenove, where he held specialist sales and research roles, covering financial services and tobacco companies. Prior to his time on the sell-side he spent nine years in asset management.

Phil comes from Jefferies where he focused on UK exchanges and fund & wealth managers. He also spent several years in asset management, most notably Hermes Investment Management, while his sell-side career included roles as specialist sales for European Financials at J.P. Morgan and, as an analyst, at Shore Capital and Espirito Santo prior to joining Jefferies in 2015.

About Panmure Gordon

Panmure Gordon is a merchant bank that has been trading for more than 140 years. The firm is investing heavily in its core stockbroking and equity capital markets business, while also expanding into areas including prime brokerage, M&A advisory, and private capital solutions.

Our focus is on serving institutional clients, large and small, and offering full-service merchant banking to services to British growth companies and mid-sized corporates.

Panmure Gordon operates from offices in London and Leeds and is also a registered broker-dealer in the United States.

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