Media

Back
July 15, 2019

IPSX reshuffles management and appoints chief exec | React News

This article originally appeared in React News on Monday 15th July 2019, written by David Hatcher. 

IPSX has appointed David Delaney as its group chief executive. 

It has also appointed Roger Clarke as managing director and head of capital markets while Anthony Gahan, the founder and executive chairman of IPSX will step away from day to day involvement in the business. Gahan will remain a director and work with the board on the long-term strategic development of the group. 

IPSX has initiated a search for a new non-executive chairman, which is due to be completed by early autumn and Gahan will remain in post as chairman until that time. 

Non-execs and advisers step up 

Delaney has served as a non-executive director to IPSX since February and he joins full time from fintech communications company VoxSmart, where he has been chief commercial officer for the past two years. Prior to that, he was head of strategic clients and solutions, EMEA at Thomson Reuters for just over three years. 

Clarke has been a senior adviser to IPSX since January and he also now joins the business full time. He joins form 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 and before that spend 20 in investment banking at the likes of Rothschild, Dresdner Kleinwort Wasserstein, JP Morgan Cazenove and Stifel Nicolaus.

"Creating something unique" 

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." 

Delaney added: "IPSX has been gaining tremendous traction in the past few months. Our discussions with leading players in the commercial real estate 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."