May 3, 2017
London, 3 May 2017: IPSX Group today announces the appointment of Michael Higgins (non- executive Chairman) together with Imogen Joss and Alan Ramsay as non-executive directors of IPSX UK Limited (“IPSX UK”). Subject to regulatory approval by the Financial Conduct Authority, IPSX UK will operate from London the world’s first regulated securities exchange dedicated to the IPO and secondary market trading of shares in Exchange Traded Properties (“ETPs”). ETPs are companies owning single commercial real estate assets. Investors will be able to buy and sell shares of ETPs via their stockbroker in the same way as they currently do for other securities
IPSX Group also announces the appointment of Ian Pain as its Group Chief Financial Officer and a director of the company.
IPSX Group is the holding company for IPSX UK and inter alia has responsibility for extending the IPSX product range and operating further regulated markets in new geographies.
Commenting on the appointments, Anthony Gahan, Chairman of IPSX Group, said:
“The IPSX Group proposition requires a deep understanding of regulated market infrastructure, real estate investment, wealth management and data. We are delighted that the innovation in financial technology which IPSX represents continues to attract world class individuals to build the business.
The appointments of Michael, Imogen and Alan emphasise the IPSX Group’s relentless pursuit of the highest levels of commercial functionality and best practice governance for the issuers, investors and market counterparties on its regulated markets.
We are also delighted to welcome Ian to the IPSX Group board as CFO. His private equity and public company experience will be invaluable in accelerating the growth of the business which is already achieving resonance on an international basis.”
Today’s announcement follows the recent appointment of Ian Womack, former Chief Executive of Aviva Investment’s global real estate division, as a Senior Adviser to IPSX Group and a series of investments by market leading strategic investors in the company during 2016.
The three new Non-Executive Directors join two executive directors (Cyril Théret, Co-founder of IPSX Group & CEO of IPSX UK together with Mark Tavener, Director of Finance) on the board of IPSX UK.