Old Park Lane capital offices are situated on Berkeley Square,Mayfair. They are a specialist brokerage that acts as broker to natural resource focused companies and invitation only stockbroking clients. They raise funds for their clients through institutions and high net worth internal clients. This approach has brought incredible results. Range Resources was valued at 2.9p a share when they brought in Old Park Lane Capital and they have touched 25.5p in the year since. This is a not a one off either. They have a list of clients that they have increased liquidity and share price via the AIM/ASX/TSX dual listing approach.
The clients of Old Park Lane have potentially netted over £250,000,000 profit. It’s only when you write all of those zeros that you think about how much money that really is! You may be surprised to find that Michael Parnes, the CEO of Old Park Lane Capital, is only 31 years of age. He was acting as CEO for Old Park Lane at a mere 25 years of age, a precocious banking talent and the youngest ever CEO of an authorised UK stockbroking firm.
Michael Parnes graduated in 2002 having read Philosophy and literature at Manchester University. It’s not the kind of degree one usually associates with a corporate broker. I would have expected maths and economics. The more research you do on Michael Parnes the more you start to recognise that his money making is something more ingrained.
If you research Michael’s family background he comes from a rich vein of money makers. His Father was also a stock broker and had the nickname “the animal”. His ability to sniff out deals and get the best prices for his clients has definitely been passed on. If you are an investor or even involved in investments, be sure to keep an eye on Michael Parnes. If he started all of this at 25, I can only imagine the wealth he’ll have created by 50. A rising star indeed!
