Shaking hands

Asset Match appoints Iain Saville as non-executive director

Asset Match, the electronic platform for trading shares in private companies, has appointed Iain Saville CBE as non-executive director to the board.

Saville spent over 20 years working at the Bank of England where he ran the foreign currency reserves, managing USD40bn of foreign reserves in bond and money market derivatives worldwide.

He founded, designed and oversaw the build of the CREST (the Central Securities Depository) stock settlement system which was sold to EuroClear.

Subsequently he was the main board director for the EMEA of Computershare, and spearheaded market reform at Lloyd’s of London before spending five years as adviser and consultant to the European Central Bank.

Currently Saville chairs the Risk Committee of EuroCCP and of a division of Bank of America, and is a director of the newly-established BNY Mellon CSD.
 
Saville says: “I have always sought to understand and predict the financial economy. I am delighted to take this new role in a company which I believe offers essential change in the financial structure to support greater economic efficiency in the UK economy. There is a growing need to focus on private companies and the trapped equity that exists but that has not yet been identified. I hope to assist Asset Match in unlocking this liquidity”.

The Isles of Scilly Steamship Company is the latest admission to the Asset Match platform. The first auction in the company’s shares will take place on 25 January 2013 and thereafter auctions will be held on the last Friday of every month.

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