UKCFA names Bruce Davis as chair

Bruce Davis has stepped down as joint managing director of Abundance Investments and has taken on a brand new position as chair of the UK Crowdfunding Affiliation (UKCFA).

Davis (pictured), who co-founded the moral crowd bonds platform in 2012, has stepped again from his full-time place to change into non-executive director.

The transfer will permit him to commit extra time to his new position as chair of the business commerce physique, the UKCFA mentioned.

Davis has been a founding director of the UKCFA since 2012.

Learn extra: A compelling asset class: Unique interview with Atuksha Poonwassie

The commerce physique mentioned that Davis has performed a central position for the affiliation since its fruition, main on its responses to the various consultations and coverage statements which have formed the regulation of the sector.

He was a member of the unique ISA working group which created the Revolutionary Finance ISA and has been a part of the workforce supporting the Treasury to form the brand new public provide platform laws.

He shall be charged with rising the UKCFA’s membership among the many crowdfunding and P2P lending sectors.

“The UKCFA performs a central position for the business selling its pursuits to authorities, regulators and the investing public,” mentioned Davis.

“It has supported members by means of what has been a interval of unprecedented regulatory change and I hope that my appointment as chair will imply that we are able to redouble our efforts to make sure that the UK maintains management of a monetary sector it created and which has been extensively adopted and copied all over the world.

“Crowdfunding and P2P lending are important hyperlinks within the chain, in the case of financing progress companies that would be the unicorns and IPOs of the longer term. The sector additionally supplies 1000’s of particular person buyers with a lot wanted entry to non-public market investments to diversify their portfolios and make a optimistic distinction to the true economic system right here within the UK.”

Learn extra: P2P laws have been “dry run” for crypto

The UKCFA additionally introduced that Sam Robinson, associate at regulation agency CMS, has joined the board.

“With the strategic management of Bruce Davis, backed by his wealth of expertise and experience that Sam brings, the UKCFA is embarking on an thrilling new chapter,” mentioned Atuksha Poonwassie, director of the UKCFA.

“Collectively, their collective imaginative and prescient mirrors the UKCFA’s mission to champion the crowdfunding and P2P business sectors, reinforcing our dedication to navigating the evolving regulatory panorama and advocating for our members.”

Learn extra: UKCFA’s 36h Group outlines technique

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