JP Jenkins, the UK’s largest trading platform for shareholdings in private companies, has appointed City stalwart Martin Graham as chairman as it prepares to join a new regulatory framework.
Mr Graham, a former chairman of the Alternative Investment Market, has served on the advisory board of JP Jenkins, which has operated out of Glasgow and London since its acquisition by former market maker Mike McCudden in 2023.
The company hopes to become one of the first members of the new PISCES regulatory framework being developed by the Financial Conduct Authority and the Treasury, due to launch in the autumn to extend trading in private company shares.
Mr Graham is recognised as a global technology and markets expert, having worked with a number of exchanges and other financial institutions through his career.
He said: “The UK equities market is facing a moment of reckoning. Having worked with the team at JP Jenkins for the last two years, I have seen first-hand how they have built the foundations of a platform that can play a key role in helping revive London’s lure as a capital market.
“As chairman I look forward to helping further the growth agenda for JP Jenkins as I understand the pressing need for the products and services they can deliver.”
Mr Graham is an advocate of using new technologies to provide solutions to real life challenges. He has deep expertise in all areas of risk management including managing operational risk, technology implementation and cyber security.
Mr McCudden, chief executive of JP Jenkins, added: “To have attracted the attention of such a qualified individual as Martin is testament to the technical achievements the team at JP Jenkins have made in recent years and also underlines our conviction that we are providing a solution that the UK market desperately needs if it is to flourish.
“Martin’s contributions as an advisory board member have already been significant and I’m genuinely excited about what his tenure as chairman can bring.”
JP Jenkins is driven by market-leading technology from InfinitX, chaired by Par Equity investor Paul Atkinson.
It now acts as a venue for more than 60 securities, having attracted 30 new issuers since the start of the year, including many growth companies along with those migrating from a range of legacy exchanges both in the UK and continental Europe.
See also:
Interview: Mike McCudden
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