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WEST CONSHOHOCKEN - Area investment banks typically ply the middle market, focusing on manufacturing and other old-line companies within the vicinity.
Enter Investec PMG.
Johannesburg, South Africa-based financial conglomerate The Investec Group secured a local foothold - not to mention a national one - a year ago when it bought PMG Capital Corp., which began in 1986 as the Pennsylvania Merchant Group.
After a fairly quiet start, the rechristened Investec PMG has begun ramping up its operations. While aiming to serve the middle market, Investec PMG is breaking the mold by trying to develop a national presence in a few, select areas.
"We're not looking to be all things to all people," said CEO Mark B. Segall, who commutes from Manhattan each week.
But it is trying to be more than what it was.
First, it announced it was expanding its...