Panmure Liberum and Nedbank CIB partner across equity research, trading and advisory
Panmure Liberum, the leading independent UK full-service investment bank, and Nedbank CIB, the Corporate and Investment Banking division of Nedbank, a leading bank based in South Africa, are pleased to announce a partnership across equity capital markets. The partnership brings together two established equity franchises with deep expertise in their respective markets.

Panmure Liberum is a London-headquartered independent investment bank with a strong heritage in UK equity research, institutional sales, trading, and investment banking and the number one adviser to UK-quoted companies. Nedbank CIB provides transactional, corporate and investment banking services to local and global markets, and is consistently ranked among Africa’s top investment banks, having executed multi-billion-dollar transactions across the continent.
Through the partnership, Nedbank CIB and Panmure Liberum will collaborate across the full equity capital markets offering, delivering co-branded equity research that spans South Africa and the UK. Together, they will jointly pursue corporate advisory opportunities, both in the UK, and for companies dual-listed in the UK and South Africa.
The trading agreement will enhance execution and liquidity across South African & Pan European markets, providing improved access for corporate clients to the deep pools of capital in South Africa. Panmure Liberum will serve as Nedbank CIB’s preferred execution partner for UK and European equities, taking advantage of changes in South African legislation that permit asset managers to increase their allocation to overseas securities. Local demand for exposure to hard assets fits particularly well against Panmure Liberum’s leading franchises in Real Estate & Natural Resources. Nedbank will also serve as Panmure Liberum’s preferred execution partner for South African equities.
Similar to its longstanding distribution partnership with CGSI in Asia and more recently with Petra Capital in Australia, Nedbank represents Panmure Liberum’s latest high quality distribution partnership. It builds on Panmure Liberum’s strong track record of finding successful ways to diversify, expand geographic reach, and engage with new pools of capital.
Rich Ricci, CEO 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. We are continuing to build momentum at Panmure Liberum, realising our ambition to reinvigorate UK capital markets and be a positive force in UK investment banking.”
Jason Quin, Chief Executive: Nedbank Group, said: "This partnership with Panmure Liberum marks a significant step in Nedbank CIB’s ambition to deliver a more global equities offering. 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. The partnership reflects our commitment to providing clients with deeper insight and broader access across key global markets.”
Contacts:
Panmure Liberum:
Alexandra Ralphs / Katherine Bell, FTI Consulting
[email protected]
07890 046064 / 079 7687 0961
Nedbank CIB:
Refilwe Boikanyo
Head of Public Relations and Communications at Nedbank Corporate and Investment Banking
[email protected]
Tumi Manamela
Marketing Communications Manager at Nedbank
[email protected]
About Panmure Liberum
Panmure Liberum is the UK’s largest independent Investment Bank, providing advisory services to c.200 quoted corporates and funds. Panmure Liberum delivers a full suite of services across the capital structure, with a focus on Capital Raising, Corporate Advisory, Corporate Broking, Debt Advisory, Private Capital, and Research and Execution. The business is rooted in deep sector knowledge, a culture of entrepreneurialism and a commitment to outstanding client service. Based in London and backed by Atlas Merchant Capital, Panmure Liberum serves clients from its offices in London, New York, Leeds, Cambridge and Guernsey.
About Nedbank Corporate and Investment Banking (Nedbank CIB)
Nedbank Corporate and Investment Banking is a division of Nedbank, a leading African bank that provides transactional, corporate and investment banking services to local and global markets. Nedbank CIB’s client base includes leading corporations, financial institutions, state-owned entities, and governments across Africa.