Richard Latter joins IPSX from Interactive Investor

IPSX Group, the parent company of the International Property Securities Exchange, the world’s first regulated securities exchange for commercial real estate, is pleased to announce the appointment of Richard Latter as a Director within its Capital Markets team.

Richard brings over 20 years financial services experience to IPSX, particularly across IPOs, market data, SIPPs and retail platforms. He has held senior roles in the execution only platform sector, helping launch comdirect in 2000, as a senior member of the team responsible for building the EQi platform, and ,most recently, at Interactive Investor where he was head of relationship management.

Richard joined IPSX in December 2021 just prior to the Exchange’s second admission, M7 Regional E-Warehouse REIT plc, which has been admitted to trading on IPSX Wholesale. His role will focus on developing outreach to multiple distribution channels, particularly the platforms focused on providing retail investors with access to exciting investment opportunities.

Roger Clarke, Managing Director and Head of Capital Markets at IPSX said: 

“I am really pleased to welcome Richard to the Capital Markets team at IPSX. He will be focussing on enhancing access for retail customers to IPSX as we look to admit more securities to trading in 2022. IPSX has a strong pipeline of new admissions, which I am confident will be attractive to the retail investor audience.

“We have built a team of outstanding industry professionals and Richard’s experience will be highly complementary to our Capital Markets team’s plans for the future.”

Speaking about his appointment, Richard Latter commented:

“I have always been a strong supporter of what IPSX stands for and is looking to achieve. At EQi, I was proud to be one of the first platforms to develop the ability to receive IPSX data and support customer trading in its securities. I am an advocate of greater retail access to new issuance and so am excited to support IPSX as it broadens retail access to IPOs. I am delighted to have been given the opportunity to join such a dynamic team at this exciting time and look forward to working with Roger and the wider Capital Markets team to build on the momentum created in 2021.”

ENDS

For all press enquiries please contact:

Camarco

Ginny Pulbrook, Louise Dolan, Tom Huddart, Rosie Driscoll

020 3757 4981 / 4992

ipsx@camarco.co.uk

IPSX

Oliver Tinkler, Head of Marketing and Communication

otinkler@ipsx.com

About IPSX

IPSX is the world’s first regulated securities exchange dedicated to the initial public offering and secondary market trading of companies owning single institutional grade commercial real estate assets and multiple assets with commonality. The exchange offers investors transparency and liquidity to trade shares in individual properties listed on the exchange.

The IPSX platform has been established with market leading technology partners which include Nasdaq, GoldenSource, QuantHouse and Scila.  The platform has been integrated with leading trading technology and market data vendors including Fidessa, Iress and Morningstar. 

The boards and senior management team of IPSX Group Limited and IPSX UK Limited (see IPSX) comprise highly qualified individuals with market infrastructure, equity capital markets, real estate, data, asset management and public company experience.

For further information visit: www.ipsx.com 

REIT Status*

REITs are property companies that allow people and organisations to invest in commercial property and receive benefits as if they directly owned the properties themselves. The rental income, after costs, is passed directly to shareholders in the form of dividends. In the UK REITs are required to distribute at least 90% of their tax- exempt property income to shareholders as dividends. As a result, over time, a significant proportion of the total return for shareholders is likely to come from dividends. The effect is that taxation is moved from the corporate level to the investor level as investors are liable for tax as if they owned the property directly.