July 15, 2019
IPSX Group (International Property Securities Exchange), which operates the world’s first regulated securities exchange dedicated to commercial property, announces two new senior leadership appointments as it embarks on the next phase of its delivery and prepares for its first IPOs.
David Delaney will become IPSX’s Group Chief Executive Officer and Roger Clarke will take up the role of Managing Director and Head of Capital Markets. Anthony Gahan, the Founder and Executive Chairman of IPSX will step away from day to day involvement in the business in order to focus with the Board on the long-term strategic development of the Group where he will remain a Director. The search for a new non-Executive Chairman has commenced and it is anticipated this will be completed by early Autumn. Anthony will remain in post as Chairman until that time.
David Delaney, who has served as a Non-Executive Director on the IPSX Group Board since February 2019, joins full time from fintech communications company VoxSmart, where he has been Chief Commercial Officer for two years focused on customer engagement and driving sales. Prior to that, he was Head of Strategic Clients and Solutions, EMEA at Thomson Reuters for just over three years, managing a $1 billion book of business. Before Thomson Reuters he spent more than 25 years at Credit Suisse – latterly as Global Head of Fixed Income Sales for interest rate products – and Barclays Bank Plc.
Managing Director and Head of Capital Markets, Roger Clarke, has been a Senior Advisor to IPSX Group since January 2019. He now joins the business full time. 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. Roger joins from M7 Real Estate, where he was Head of Corporate Finance, with responsibility for executing significant corporate transactions. Previously he was Chief Executive of Tunstall, M7’s wholly owned subsidiary focused on alternative lending. Prior to joining M7 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.
IPSX Founder Anthony Gahan said: “In IPSX we are creating something that is unique in global capital markets. Having put in place the core infrastructure and secured the necessary regulatory approvals, we are now very well placed to contemplate the next phase of delivery and focus on further developing the IPSX proposition. As we prepare to admit our first issuers to trading, we have in David and Roger, two notably experienced professionals whose background and capabilities make them exceptionally well-equipped to help drive this next stage of our development.”
David Delaney, Group CEO said: “IPSX has been gaining tremendous traction in the past few months. Our discussions with leading players in the CRE market from private and sovereign wealth funds through to publicly quoted real estate companies and owner occupiers demonstrates that IPSX fulfils a very real need for both capital raising and investment. I'm extremely excited to be leading the business and being part of such a dynamic and innovative team. We are only just scratching the surface of the benefits IPSX will bring to the world of Commercial Real Estate."
David Delaney, Group Chief Executive