Jan. 24, 2022
IPSX Group Limited (“IPSX Group), which, through its wholly owned subsidiary IPSX UK Limited ("IPSX UK”) operates the world’s first regulated securities exchange dedicated to commercial property and real assets – collectively IPSX - announces two new senior leadership appointments as it embarks on the next phase of its delivery and prepares for the increased momentum in IPOs expected in the first half of 2022.
Roger Clarke will become IPSX’s Group Chief Executive and Mike Coker will take up the role of Group Chief Financial Officer and Chief Operating Officer. Having served as Group Chief Executive for two and a half years, David Delaney has decided to step down.
Roger Clarke, who has served as Managing Director and Head of Capital Markets at IPSX since July 2019, 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 joined from M7 Real Estate, where he was Head of Corporate Finance. Prior to joining M7, Roger, who qualified as a Chartered Accountant with Arthur Andersen, spent 21 years working in the European investment banking industry, including roles at NM Rothschild, Dresdner Kleinwort Wasserstein and JP Morgan Cazenove, as well as completing a secondment to the UK Takeover Panel.
Mike Coker, who joined IPSX in February 2020 as CFO of IPSX UK’s regulated investment exchange (“RIE”), will have an expanded role, responsible for overseeing the financial performance and operations of IPSX Group alongside maintaining his position as CFO of the RIE. CIMA qualified with an MBA, Mike has over 20 years of financial management experience in predominantly FCA regulated businesses, having previously held roles with Octopus Group, where he spent 11 years, Baring Asset Management and UBS Investment Bank.
IPSX Chairman Sir Brian Ivory said: “In IPSX we have created something that is unique in global capital markets. Having proven the concept of IPSX and the need investors have for regulated, liquid, real estate securities, we are now very well placed to contemplate the next phase of delivery and focus on further developing the IPSX proposition with exciting momentum being generated with a pipeline of future issues. In Roger and Mike we have two notably experienced professionals whose background and capabilities make them exceptionally well-equipped, along with the wider team at IPSX to help drive this business forward.
I would like to thank David Delaney for all that he has achieved in leading the business over the last two and a half years to where it is today. He has made an enormous contribution to the establishment and development of IPSX and setting the course for the future.”
Roger Clarke, Group Chief Executive said: “IPSX has been gaining tremendous traction in the past few months as we have delivered the first two transactions on our exchange. Our discussions with potential issuers in the real estate market from institutional and sovereign wealth funds through to publicly quoted real estate companies and owner occupiers demonstrates that IPSX fulfils a very real need to provide access to new sources of capital. For investors, the access to regulated, transparent, liquid securities providing secure asset backed income streams is needed more than ever in a world that is facing the headwinds of historically low returns from fixed income and a resurgence of inflation.
I am excited to be stepping up to lead the business and the dynamic and innovative team that we have created. We are only just beginning to deliver the transformational benefits that IPSX will bring to the world of real estate."
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