London, 27 September 2021 - PrimaryBid, the regulated fintech platform that enables public companies to include individuals in capital raises, has today announced the appointment of Sir Donald Brydon CBE as the firm’s first Chair. Sir Donald is currently Chair of Sage Group (until 30th Sept 2021), recently chaired the London Stock Exchange Group, and in 2019 led an independent review for the Government into the quality and effectiveness of audit. Sir Donald’s appointment is subject to FCA approval.
Sir Donald Brydon commented: "Being asked to become Chair of such an ambitious and forward-thinking firm is a real privilege. Both individual investors and public companies stand to benefit when our capital markets are accessible to all, and PrimaryBid has been at the forefront of this inclusion agenda. As was highlighted in HM Treasury’s recent market consultation, facilitating wider participation in the ownership of public companies is important and technologically achievable. PrimaryBid is a dynamic, pioneering platform with world-class backing, and I am looking forward to helping guide it to further success".
Anand Sambasivan, CEO of PrimaryBid, added: "I am delighted that Sir Donald has agreed to become our first Chair. He brings significant FTSE board experience and proven governance credentials at the highest levels of UK plc. His experience will be of great benefit as we continue to deliver on PrimaryBid’s ambition to build more inclusive public markets through our technology.”
Sir Donald’s appointment follows a period of significant growth for PrimaryBid, including a $50m Series-B fundraise in October 2020, becoming fully regulated in the EU and launching alongside Euronext in France in June 2021, and significant IPO and ABB activity in the UK with over 180 transactions conducted on behalf of UK public companies choosing to include personal investors in fundraises.
Read the full press release here