Panmure Liberum

What Panmure Liberum does

Panmure Liberum is a UK-headquartered, FCA-authorised independent investment bank formed in May 2024 through the merger of Liberum Capital Limited and Panmure Gordon. Operating from London with additional offices in New York, Cambridge, Leeds and Guernsey, the firm provides a full-service platform organised around four pillars: Investment Banking (corporate advisory, equity capital markets, M&A, corporate broking and IR, growth capital and debt advisory), Execution Services (sales trading, market making, ETF and international trading), Sales (institutional sales, corporate access, conferences), and Equity Research. The platform serves 185 listed corporate clients and covers over 500 companies and funds, targeting the UK mid-market with selective enterprise and cross-border mandates.

The business generates revenue through transaction-based fees negotiated on a deal-by-deal basis across capital raising, M&A advisory, corporate broking, debt advisory and execution services, supplemented by recurring institutional sales, research distribution, market making and wealth management income via the Liberum Wealth sub-brand. Distribution is driven by direct senior-banker coverage of corporate clients and dedicated institutional sales teams connecting research, trading and banking to UK and US investor bases. Multi-jurisdictional regulatory permissions (FCA FRN 403721, FINRA/SEC via Panmure Liberum Inc., and an FCA-authorised Cambridge subsidiary) enable cross-border ECM, M&A and execution activity.

The company's competitive position rests on its self-described status as the UK's largest independent investment bank, a deep sector research franchise, established corporate broking relationships, and the brand and talent combined from the two predecessor firms. There is no public revenue disclosure; the firm is privately held with no identified parent entity and CEO Rich Ricci leading the merged platform alongside Chief Economist Simon French.

Name

Panmure Liberum

Legal name

Panmure Liberum Limited

Website

https://panmureliberum.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

251–500 employees

Short description

Panmure Liberum is a UK-based independent investment bank formed in 2024 from the merger of Liberum Capital and Panmure Gordon, providing investment banking, equity research, execution and institutional sales services to 185 listed corporates and 500-plus companies and funds.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Prime Brokerage (FSAEACAD)

Keywords

• Investment banking
• Equity capital markets
• M&A advisory
• Corporate broking
• Equity research

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Distribution channels4 records

Marketing channels4 records

Core offering

Panmure Liberum is a full-service independent investment bank providing strategic advice across capital raising, M&A, corporate broking and debt advisory for listed corporates, alongside equity execution, market making, institutional sales and high-conviction equity research for institutional investors. The firm was formed in May 2024 through the merger of Liberum Capital Limited and Panmure Gordon and operates from London, New York, Cambridge, Leeds and Guernsey.

Product overview

Panmure Liberum is a full-service investment banking platform offering integrated services across four core areas: Investment Banking (corporate advisory, equity capital markets, M&A, debt advisory), Execution Services (sales trading, market making, ETF and international trading), Sales Distribution (institutional sales, corporate access, conferences), and Equity Research. The firm serves 185 listed corporate clients and covers over 500 companies and funds. Panmure Liberum was formed by the merger of Liberum Capital and Panmure Gordon in May 2024.

Differentiator

Problem solved

Functional benefit

Brands

• Liberum Wealth: Specialist wealth management advice and long-term support for private clients, operating from the Guernsey office.

Quantifiable outcome

• Over 250 corporate clients served by merged entity
• +1 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Stifel Financial: US-headquartered full-service brokerage and investment bank with a UK mid-market presence through Stifel Europe — comparable as a larger independent competitor operating across ECM, research, and execution.
• Houlihan Lokey: Global independent investment bank with strong mid-market M&A advisory franchise — comparable on independent mid-market advisory positioning, though larger and more M&A-weighted than Panmure Liberum.
• Canaccord Genuity: Global full-service investment bank with a strong mid- and small-cap equity capital markets franchise — comparable on mid-cap ECM, research, and corporate broking.

Regional players

• Goodbody: Irish-headquartered stockbroking and investment banking group serving UK and Irish small/mid-caps — comparable on mid-market advisory and broking but primarily serving a different geographic corridor.
• Davy (formerly J&E Davy): Irish-headquartered stockbroker and investment bank with UK corporate broking operations — comparable on UK/Ireland small- and mid-cap advisory and capital markets services.

Direct peers

• Peel Hunt: UK-listed independent investment bank providing investment banking, research, and execution services to mid-cap companies — directly comparable in scale, target market, and service mix to Panmure Liberum.
• Shore Capital: UK independent investment banking and securities group providing corporate advisory, broking, and fund management — comparable on UK mid-market ECM and corporate broking focus.
• WH Ireland: UK wealth management and corporate broking group focused on small- and mid-cap UK corporates — directly comparable on UK small/mid-cap broking and advisory.
• finnCap: UK mid-market investment bank (formed via merger of finnCap and Cenkos) focused on growth and small-cap companies — directly comparable on UK small/mid-cap advisory and broking mandate profile.
• Singer Capital Markets: UK independent investment bank focused on small- and mid-cap corporate broking, research, and advisory — directly comparable on UK small/mid-cap coverage and execution services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/panmure-liberum-limited
• Xx.com/PanmureLiberum

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Panmure Liberum