Bob Diamond, the former Barclays chief executive, has teamed up with the investment vehicle of the Qatari royal family to launch a bid for Panmure Gordon, the lossmaking stock broker and investment bank.
Panmure, whose name dates back more than 140 years, is suffering like many mid-cap brokers from a number of structural challenges, including increased regulation, fewer deals and lower corporate retainers.
The deal may be viewed as a return to the City of London for Mr Diamond, who was forced out of Barclays in 2012 over the Libor rigging scandal.
Atlas Merchant Capital,
source http://www.omnipopmag.com/2017/03/17/diamond-joins-qataris-to-launch-panmure-gordon-bid/
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