Panmure Gordon hires Matrix investment team

Stockbroker Panmure Gordon has announced the hiring of an investment funds team from Matrix Corporate Capital, after parent company Matrix went into administration earlier this week.

The team led by Paul Fincham and Phil Hopkins comprises of sales, research, market making and corporate finance functions.

Chief executive Phillip Wale says: “Panmure Gordon has a strong heritage in investment funds, and having recruited such a highly regarded dedicated team gives us an excellent opportunity to establish a leading position in the market”.

Earlier this week, Matrix Group and Matrix Securities were placed in administration with subsidiary Matrix Corporate Capital put into a process of winding down to enter into liquidation.