Panmure seals QInvest deal

CITY stockbroker Panmure Gordon yesterday completed a share deal with QInvest that will see Qatar&rsquo;s largest investment bank take a 47.1 per cent in the firm when its new shares are admitted to trading on Aim this morning.<br /><br />QInvest subscribed for 67.5m shares in Panmure at 34p a share, raising around &pound;23m of capital for Panmure to grow the business.<br /><br />Four QInvest executives, chief executive Shahzad Shahbaz, Rommie Bhutani, Asar Mashkoor and Nader Shenouda, have been appointed to the Panmure board.