Panmure Gordon analyst Sandy Chen sets up his own bank

One of the City’s most respected financial analysts is setting up his own bank. Sandy Chen at Panmure Gordon, the stockbroker, is looking to raise at least £100m through a stock-market listing.The new bank, whose name has yet to be finalised, is chaired by Sir Peter Burt, the former Bank of Scotland chief.The Treasury and Financial Services Authority have already been briefed ahead of a planned launch later this year. The news comes days after Alistair Darling, the chancellor, renewed his pledge to encourage new competition in British banking.
To Learn More Click Here