LONDON, 1 July 2013 – Panmure Gordon & Co., a leading institutional stockbroker and investment bank, is pleased to announce that it has acted as sponsor and sole placing agent to the launch of Polar Capital Global Financials Trust plc by way of a placing and open offer raising £153 million.

Panmure Gordon chief executive, Phillip Wale, commented:  “We are delighted to have had the opportunity to work with the Board and manager of Polar Capital Global Financials Trust plc to raise over £150 million, well ahead of expectations for an issue of this kind.   This is the first fund launch we have undertaken since hiring an integrated investment funds team at the end of last year and its success further reinforces the strength of Panmure Gordon’s franchise and distribution capabilities.”