Panmure Gordon has purchased a 51 % stake in PrimeXtend , taking full control of the online brokerage ; it previously invested £ ##500 m ( $ 2.6 m ) for a 49 % stake in march 2017 . The start - up , founded by two former Nomura executives , provides multi - asset execution and prime services to mid - market investors and plans to expand into securities lending , clearing and trading . The deal is part of an aggressive growth strategy the company has been pursing since being acquired by Bob investors ' Atlas Merchant Capital and the Qatari royal family .
Panmure Gordon has purchased a 51% stake in PrimeXtend, taking full control of the online brokerage; it previously invested £2m ($2.6m) for a 49% stake in February 2017. The start-up, founded by two former Nomura bankers, provides multi-asset execution and prime services to mid-market institutions and plans to expand into securities lending, clearing and custody. The deal is part of an aggressive growth strategy the company has been pursing since being acquired by Bob Diamond' Atlas Merchant Capital and the Qatari royal family.