City-based stockbrokers Panmure Gordon and Liberum have reached an agreement to merge, forming the largest independent investment bank in the UK.
![Rich Ricci (right) to lead Panmure Gordon and Liberum's major stockbroker merger as CEO. PHOTO: PA:Press Association](https://krugmaninsights.com/wp-content/uploads/2024/01/nintchdbpict000220930292-1024x661.webp)
The newly-formed company, Panmure Liberum, will be comprised of over 250 retained corporate clients. Leading the new entity as CEO will be Rich Ricci, the current Chief Executive Officer of Panmure Gordon, while Liberum’s founder, Shane Le Prevost, will assume the role of non-executive