March 2024
Introduction
Panmure Liberum Limited is an investment bank that was formed in the merger of Liberum Capital Limited and Panmure Gordon in April 2024 Panmure Liberum and its subsidiaries (together the “Group” or “Panmure Liberum”) are committed to ensuring transparency across the Group, and we expect the same high standards from all of our contractors, suppliers and stakeholders.
Panmure Liberum’s main operating entity is Panmure Liberum Limited, which is incorporated and domiciled in the United Kingdom. The principal activity of the Group is the provision of institutional and corporate stockbroking services, focused on cash equities, equity research and investment banking. The Group is committed to the highest standards of integrity and principled behaviour.
Panmure Liberum is committed to upholding the principles of the Modern Slavery Act 2015 (the “Act”). This statement is made pursuant to section 54 of the Act and applies to the Group for the financial year ended 31 December 2023, and was approved by the Board of Panmure Liberum Limited on [date].
Approach
Panmure Liberum has a zero-tolerance attitude to slavery and human trafficking and is committed to conducting business in an ethical manner. Panmure Liberum does not act as a producer, manufacturer, or retailer of any physical goods and, as a financial services provider, it has a relatively straightforward supply chain compared to other sectors. Notwithstanding this, Panmure Liberum remains committed to ensuring that its supply chain is free of any slavery and human trafficking and will not knowingly sanction any relationships which support modern slavery.
As part of Panmure Liberum’s commitment to identify and mitigate risk we:
- have assessed the risk of modern slavery being present within Panmure Liberum’s existing supply chain;
- undertake measures to identify, assess and mitigate any risk in relation to existing and future suppliers on an ongoing basis;
- implement training for existing and new staff where appropriate; and
- continue to review our approach and look to develop it where appropriate.
Panmure Liberum also considers country risks when onboarding new suppliers and performs a higher level of due diligence where services are sourced from outside the EU (or any country that is considered high risk) where there is potentially a higher risk of modern slavery.
Recruitment and Staff
Panmure Liberum’s recruitment process is transparent and frequently reviewed and ensure that staff involved in recruitment receive training on modern slavery and ethical employment practices. Panmure Liberum communicates directly with candidates to discuss job opportunities and confirm any contractual terms. Panmure Liberum also uses third-party pre-employment screening to ensure the ID check of any potential employees is confirmed, and the individual is paid directly into their personal bank account, and their payslip has their personal national insurance number.
Panmure Liberum’s employee handbook also sets out key policies for staff which contribute to Panmure Liberum’s stance against modern slavery, including but are not limited to equal opportunity, anti-discrimination and harassment, grievance mechanisms and whistleblowing.
Ongoing commitment
Panmure Liberum will continue to follow this approach to ensure modern slavery and human trafficking are not operating in the business or any of the supply chains.
This statement is made pursuant to section 54 of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 December 2023 and has been approved by the Board of Panmure Liberum Limited.
Rich Ricci Bidhi Bhoma
CEO Deputy CEO
