23 February 2018
visit www.ebaday.com

Former HSBC and Microsoft chairs join fintech investor's advisory council

06 December 2017  |  7491 views  |  0 golden egg

Former HSBC chairman Douglas Flint, US Treasury Secretary Larry Summers, and Microsoft chairman John Thompson are among the great and the good to join the global advisory council of Motive Partners, a recently established fintech investment vehicle set up by veterans of the global financial technology industry.

Motive Partners was established by fintech big hitters including including Rob Heyvaert, founder and CEO at Capco, Stephen Daffron, previously CEO at Interactive Data Corporation and global head of technology & operations at Morgan Stanley, Michael Hayford, ex of FIS and Metavante, and Innovate Finance chair Alastair Lukies.

The new venture, which has secured the backing of Warburg Pincus, says it plans to "invest, operate and innovate" across the financial technology ecosystem in London and New York. Earlier this year the firm filed a Form D with the SEC noting that it was raising $150 million, although it is rumoured to be seeking more than $1 billion. In January it made its first deal, investing $7 million in FX compression outfit LMRKTS.

Now it has put together a glittering advisory council to provide strategic guidance both to it and its portfolio of companies. Alongside Flint, Summers and Thompson are Rosemary Leith, founding director of the World Wide Web Foundation; Peter Leukert, group CIO at Deutsche Telekom; James Neary, MD of Warburg Pincus; Henry Ritchotte, former COO of Deutsche Bank; Romesh Wadhwani, CEO of Symphony Technology Group; and Paul Walker, former co-head of technology at Goldman Sachs.

Says Summers: "The stability and performance of the global economy is dependent on the development of the financial system, and in particular, the impact of technological innovation. Motive Partners has formed a team with experience across financial services, technology, academia and government that wants to help transformative companies make the financial system more effective for society."

Rob Heyvaert, Motive Partners founder, adds: "The financial services industry is undergoing a perfect storm of change, with technology at its core. We are very excited to welcome this group of exceptional members to help Motive Partners empower financial technology businesses to accelerate their transformative impact on the industry by providing capital, expertise and connectivity."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fintech veterans create new investment vehicle

Fintech veterans create new investment vehicle

18 January 2017  |  5633 views  |  0 comments | 5 tweets | 2 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comvisit www.swift.com/your-needs/instant-paymentsVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10570 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9824 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8879 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7610 views comments | 15 tweets | 26 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job