Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Panmure Gordon Names Wale as Chief Executive to Replace Linacre

Don't Miss Out —
Follow us on:

April 18 (Bloomberg) -- Panmure Gordon & Co., a London-based stockbroker, said Phillip Wale will succeed Tim Linacre as chief executive officer.

Wale, 48, was previously CEO of competitor Seymour Pierce Ltd., Panmure said in a statement today. He will take over in the “summer,” at which point Linacre will become chairman of investment banking, the company said.

Panmure said in October Linacre would step down, disclosing at the same time that the company would post a loss for the second half. London’s stockbrokers were hurt by the European sovereign debt crisis as market volatility prompted investors to cut the number of shares they trade and deterred companies from making acquisitions.

Wale started his career at Goldman Sachs Group Inc., where became co-head of European equities, Panmure said. He also worked at Commerzbank AG and Collins Stewart before joining Seymour Pierce in 2010.

To contact the reporter on this story: Jesse Westbrook in London at jwestbrook1@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.