M7’s Roger Clarke seconded to IPSX
M7 Real Estate has seconded its head of corporate finance Roger Clarke to IPSX, the new International Property Securities Exchange.
IPSX Group last week gained consent from the Financial Conduct Authority to launch the first regulated exchange dedicated to commercial real estate.
M7 is a shareholder in IPSX, alongside Henley Investments and British Land.
M7 Real Estate has seconded its head of corporate finance Roger Clarke to IPSX, the new International Property Securities Exchange.
[caption id="attachment_961509" align="alignright" width="200"] Roger Clarke[/caption]
IPSX Group last week gained consent from the Financial Conduct Authority to launch the first regulated exchange dedicated to commercial real estate.
M7 is a shareholder in IPSX, alongside Henley Investments and British Land.
Clarke, whose responsibilities have included setting up M7’s alternative lending platform Tunstall Real Estate, has joined the new stock exchange as a senior advisor in equity capital markets.
Before Clarke joined M7 in December 2016, he spent 20 years working in the European investment banking industry, including roles at NM Rothschild, Dresdner Kleinwort Wasserstein, JP Morgan Cazenove and Stifel Nicolaus.
He has also previously undertaken a secondment to the UK Takeover Panel.
IPSX said Clarke’s appointment comes at an “important stage” for IPSX, now that prospective issuers are starting to engage with professional advisers regarding initial public offerings.
Anthony Gahan, group chairman, said: “This is an exciting time for Roger to join IPSX, as we are now open for business and readying the first IPOs for launch. He brings extensive experience of the financial markets, which complements that of our existing real estate team.
“His skills and knowledge will be of great help to asset owners as they start to access the wider investor universe which delivers greater flexibility for their real estate investment strategies that are provided by the public markets, compared to the more traditional private market sale process.”
Clarke added: “IPSX will transform the options for asset owners and increase the investment universe dramatically. Real estate capital markets practitioners and investors have been waiting for this breakthrough for a long time.”
Based on current discussions with potential issuers and subject to market conditions, IPSX anticipates the first IPOs will be live from the end of Q1 2019.
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