James Deal, COO, PrimaryBid

PrimaryBid, a London-headquartered FCA-regulated online platform on Thursday announced the appointment of James Deal as the new Chief Operating Officer (COO) of the company.

James has joined the company from global investment bank JP Morgan Cazenove. James had joined the bank in 2006 where he managed the UK mid-cap equities desk before moving to the UK investment banking team in 2016. Previously, James had worked at Numis Securities and Dresdner Kleinwort Benson as a part of the equity sales team.

James’ appointment has come on the heels of recent fund-raising by PrimaryBid. As reported earlier this month, Primarybid has raised £7 million ($8.7 million approximately) in a funding round led by venture capital (VC) investors, Pentech and Outward VC.

“James has built a strong following with both FTSE and AIM issuers as well as the buy-side community. His experience running leading UK capital markets teams and understanding of the vital role private investors can play will be hugely beneficial to us,” Anand Sambasivan, Co-Founder and CEO of PrimaryBid, stated.

James Deal commented, “I have long believed that there needs to be a greater role for private investors within equity markets, which will be of huge benefit to equity issuers.”

PrimaryBid is a platform, across desktop and mobile, which allows the investors to connect with listed companies seeking to raise capital. Investment banks can tap into the platform’s centralizing infrastructure that allows instant access to everyday investors as part of share issuance, including block sales.

As a part of the company’s initiative, more than £65 million ($80.5 million approx.) has been sourced across 48 transactions by several participating companies, PrimaryBid said in a statement.

by Sheeba Bhagat Dawar
Market Analyst at IBS Intelligence