Clarke takes helm at IPSX as Delaney steps down
IPSX has named Roger Clarke as its new group chief executive as David Delaney steps down.
The world’s first regulated securities exchange dedicated to commercial property and real assets has also promoted Mike Coker to group chief financial officer and chief operating officer.
Clarke was previously managing director and head of capital markets at IPSX, a position he has held since July 2019. He joined from IPSX backer M7 Real Estate, where he was head of corporate finance. Before that the qualified chartered accountant 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.
IPSX has named Roger Clarke as its new group chief executive as David Delaney steps down.
The world’s first regulated securities exchange dedicated to commercial property and real assets has also promoted Mike Coker to group chief financial officer and chief operating officer.
Clarke was previously managing director and head of capital markets at IPSX, a position he has held since July 2019. He joined from IPSX backer M7 Real Estate, where he was head of corporate finance. Before that the qualified chartered accountant 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.
Coker, who joined IPSX in February 2020 as chief financial officer of IPSX UK’s regulated investment exchange, will have an expanded role, responsible for overseeing the financial performance and operations of IPSX Group alongside maintaining his position as chief financial officer of the RIE. Coker has over 20 years of financial management experience in predominantly FCA regulated businesses, having previously held roles with Octopus Group, Baring Asset Management and UBS Investment Bank.
David Delaney has decided to step down after having served as group chief executive for two and a half years.
IPSX chair 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.”
He also thanked Delaney for making an “enormous contribution to the establishment and development of IPSX and setting the course for the future”.
Clarke said that IPSX, which has delivered its first two transactions in the past few months, was “only just beginning to deliver the transformational benefits that IPSX will bring to the world of real estate”.
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