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Illuminate Financial expands team

Illuminate Financial Management, a venture capital firm specialising in capital markets technology, has expanded its team with the appointment of former UBS and IHS Markit Managing Director, Roger Spooner as Head of Strategic Relationships.

Andrew Patey, former Group Finance Manager at Octopus Investments has also joined as Head of Finance.
Previously on the firm’s Executives in Residence program, Spooner will now manage the relationship between buy side and sell-side institutions and Illuminate Financial’s portfolio companies, as well as its extensive pipeline of fintech firms.
Spooner spent over a decade at IHS Markit, serving in a variety of roles including Head of EMEA Sales and Head of Global Client Management. Prior to that, he was a Managing Director for UBS Investment Bank and WestLB where he was Global Head of Primary Markets. As Head of Finance, Patey, previously with venture capital firm Octopus Investments and a member of Deloitte’s Entrepreneurial Business Team, will work closely with Illuminate’s portfolio companies to maximise investment value.
As a specialist investor, Illuminate Financial provides its portfolio companies with best governance, capital markets expertise and market connections in addition to capital investment to foster growth and development beyond the seed and Series A stage. The firm also works with a number of top-tier banks to deliver relevant solutions from a pipeline of over 1,500 capital markets fintech firms.
Mark Beeston, Founder and Managing Partner, Illuminate Financial Management, says: “Roger and Andrew bring a wealth of experience to Illuminate and will play a key role in helping us continue to connect young capital markets technology firms with banks, buy-side community and investors. While venture investment in fintech has grown significantly in recent years, a portion of this capital lacks crucial ‘value add’ services that are essential throughout the growth cycle. We see our ability to provide more than just capital injection to promising early stage businesses in the capital markets sector as a significant differentiator.”
Roger Spooner, Head of Strategic Relationships, Illuminate Financial Management, says: “Illuminate Financial sit at the heart of the capital markets ecosystem, connecting banks, the buy-side and investors with fintech firms that deliver a solution to the myriad of challenges in today’s market. I look forward to working with the team to match large financial institutions that need new solutions with promising fintech companies that provide them.”
Andrew Patey, Head of Finance, Illuminate Financial Management, says: “Having gained significant experience focusing on high growth businesses in a range of sectors including fintech, I look forward to working closely with Illuminate’s portfolio companies to help foster growth and deliver our investors with greater value.”

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