UKCFA names Bruce Davis as chair
Bruce Davis has stepped down as joint managing director of Abundance Investments and has taken on a new role as chair of the UK Crowdfunding Association (UKCFA).
Davis (pictured), who co-founded the ethical crowd bonds platform in 2012, has stepped back from his full-time position to become non-executive director.
The move will allow him to devote more time to his new role as chair of the industry trade body, the UKCFA said.
Davis has been a founding director of the UKCFA since 2012.
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The trade body said that Davis has played a central role for the association since its fruition, leading on its responses to the many consultations and policy statements which have shaped the regulation of the sector.
He was a member of the original ISA working group which created the Innovative Finance ISA and has been part of the team supporting the Treasury to shape the new public offer platform legislation.
He will be charged with growing the UKCFA’s membership among the crowdfunding and P2P lending sectors.
“The UKCFA plays a central role for the industry promoting its interests to government, regulators and the investing public,” said Davis.
“It has supported members through what has been a period of unprecedented regulatory change and I hope that my appointment as chair will mean that we can redouble our efforts to ensure that the UK maintains leadership of a financial sector it created and which has been widely adopted and copied around the world.
“Crowdfunding and P2P lending are vital links in the chain, when it comes to financing growth businesses that will be the unicorns and IPOs of the future. The sector also provides thousands of individual investors with much needed access to private market investments to diversify their portfolios and make a positive difference to the real economy here in the UK.”
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The UKCFA also announced that Sam Robinson, partner at law firm CMS, has joined the board.
“With the strategic leadership of Bruce Davis, backed by his wealth of experience and expertise that Sam brings, the UKCFA is embarking on an exciting new chapter,” said Atuksha Poonwassie, director of the UKCFA.
“Together, their collective vision mirrors the UKCFA’s mission to champion the crowdfunding and P2P industry sectors, reinforcing our commitment to navigating the evolving regulatory landscape and advocating for our members.”
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