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Bob Diamond s Panmure Gordon to merge with Liberum as Rich Ricci takes top job

The newly named Panmure Liberum will be led by Mr Ricci as chief executive and Liberum founder Shane Le Prevost as non-executive chairman

Former Barclays bankers merger forms biggest independent UK investment bank

Bob Diamond urges Barclays to be radical on investment bank

The former chief executive says management must take action by either investing more in the division or selling it off

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