The International Property Securities Exchange (“IPSX” or “the Exchange”), which will be the first regulated exchange dedicated to the admission and trading of securities in commercial real estate assets, has announced that it has recruited Ian Womack as a Senior Adviser.
Ian has almost 40 years’ experience in the international Real Estate sector, having spent the majority of his career at Aviva Investors. He was latterly Chief Executive of the global Real Estate division and a member of the Aviva Investors Executive Committee. He served as Chairman of the highly respected “Investment Property Forum” from 2006 to 2007. Ian retired from Aviva in June 2015 and has since built a portfolio of Non-Executive directorships, independent advisory and charitable roles.
Ian remains active and engaged in the broader Real Estate community and at IPSX, he will work closely with Rob Bould in focussing on developing relationships with potential issuers on the Exchange’s trading platform.
Commenting on the appointment Anthony Gahan, Chairman of IPSX said: “We are delighted to welcome Ian to IPSX and very much look forward to working with him. He is a valuable addition to our team of highly experienced and senior real estate professionals whose deep knowledge of the industry and extensive connections are essential elements in creating IPSX as a central platform for capital raising by and wider investor access to high quality commercial real estate assets.”
Ian Womack said: “IPSX is exactly what the real estate industry needs at this time: a new and innovative approach for investors to access investment in commercial property. Importantly, IPSX will open the asset class to retail investors seeking to invest in large, high quality, single assets. I look forward to working with the team in developing the huge opportunity that IPSX represents.”
Rob Bould, a Non-Executive Director of IPSX, added: “IPSX fills a substantial gap which has always existed in the range of capital markets options available to owners and investors within the commercial property market and is even more timely when the topic of real estate liquidity and the retail investor is being scrutinised. I have known Ian for many years and I am delighted that he is joining us at this time as we turn the vision of IPSX into reality.”