UK investment bank Panmure Liberum has partnered with South African bank, Nedbank’s corporate and investment banking division, to deliver a trading agreement across South African and Pan-European equity markets.
Jason Quinn
Through the offering, both banks will provide co-branded research across the countries, as well as taking on corporate advisory opportunities in the UK and for dual listed companies in the UK and South Africa.
The banks have said that the agreement is set deliver a more global equities offering and enhance execution and liquidity, as well as provide corporate clients with greater access to capital pools in South Africa.
Rich Ricci, chief executive of Panmure Liberum, said: “This partnership re-affirms our reputation for high-quality, high-conviction research and deep relationships with UK corporates and institutional investors. It also represents further delivery against our strategy to strengthen our global distribution, expand our opportunities and further enhance our diversification.”
The partnership will also see Panmure Liberum serving as Nedbank CIB’s preferred execution partner for UK and European equities following, which aligns with South African legislation changes allowing asset managers to increase overseas securities allowances.
Similarly, for South African equities Nedbank will act as Panmure Liberum’s preferred execution partner.
“By combining our strengths, we are creating a more connected ecosystem for research, trading, and capital raising that meets the evolving needs of our corporate and institutional clients in South Africa and internationally,” said Jason Quinn, chief executive at Nedbank Group.
The partnership marks a further development in Panmure Liberum’s global outreach and follows the merger of Panmure Gordon and Liberum in May 2024 to create the entity, making it the UK’s largest independent investment bank.
The expanded trading platform of Panmure Liberum now holds trading relationships with more than 900 counterparties across the UK, US, Europe and Asia.