Equity Capital Markets Senior Adviser joins IPSX Group
Following recognition from the Financial Conduct Authority (FCA), IPSX, the International Property Securities Exchange, announces today that Roger Clarke has joined the business as a Senior Adviser, Equity Capital Markets.
Roger is seconded from M7 Real Estate, a shareholder in IPSX along with Henley Investments and British Land. As Head of Corporate Finance, Roger is responsible for various corporate projects, including having set up M7’s alternative lending platform, Tunstall Real Estate.
Roger has extensive experience in corporate transactions, particularly in equity capital markets but also in M&A and restructuring with a specific sector focus on Real Estate. Prior to joining M7 Real Estate in December 2016, Roger spent 20 years working in the European investment banking industry, including roles at NM Rothschild, Dresdner Kleinwort Wasserstein, JP Morgan Cazenove and Stifel Nicolaus, as well as undertaking a secondment to the UK Takeover Panel.
He has acted on equity raisings, M&A deals and restructurings with a cumulative value of more than €50 billion. Roger’s appointment comes at an important stage for IPSX as prospective issuers start to engage with professional advisers to advise on the IPSX IPO process.
Anthony Gahan, Group Chairman, commented: “This is an exciting time for Roger to join IPSX, as we are now open for business and readying the first IPOs for launch. He brings extensive experience of the financial markets which complements that of our existing real estate team. His skills and knowledge will be of great help to asset owners as they start to access the wider investor universe which delivers greater flexibility for their real estate investment strategies that are provided by the public markets, compared to the more traditional private market sale process”.
Roger Clarke said: “I am delighted to be joining IPSX and I am looking forward to working with the team as we start to work with our first issuers ahead of the Exchange being live. IPSX will transform the options for asset owners and increase the investment universe dramatically. Real estate capital markets practitioners and investors have been waiting for this breakthrough for a long time.”
Based on current discussions with potential issuers and subject to market conditions, IPSX anticipates the first IPOs will be live from the end of Q1 2019 onwards.
IPSX proposes to add further exchange-based products to its offering including a professional market for closely held REITs together with new real estate indices and data products. It is also progressing plans to open further IPSX exchanges in Continental Europe, North America and Asia.