Future of AIM
Held on Thursday, October 20, 2016
With support from Nabarro
Marcus Stuttard (Head of AIM, LSE)
Kate Burgess (FT)
Tom Hinton (SyndicateRoom)
Alasdair Steele (Nabarro)
The London Stock Exchange describes AIM as the most successful growth market in the world, having listed over 3,600 companies since its launch in 1995, raising close to £100bn and contributing £25bn annually to UK GDP. Most people would agree – though the market did have its fair share of teething troubles, particularly at the smaller cap end.
Now, AIM faces interesting opportunities as it positions itself within an enlarged group, assuming the Deutsche Boerse/LSE deal goes through. It also has to respond to CMU and to the new environment during and post-Brexit. The role of AIM and other growth markets in supporting economic growth has never been more relevant.
So, it is a good time to take stock - and we are, therefore, delighted that Marcus Stuttard, Head of AIM and UK Primary Markets at the LSE, has agreed to lay out the group’s strategy and its plans for the growth sector. He has been Head of AIM since 2009 and is responsible for its management and development. He is a regular speaker on growth and funding issues and sits on a number of industry and policy advisory bodies.
One of the journalists who has followed AIM most closely is the FT’s corporate correspondent, Kate Burgess, whose recent coverage has focused on the challenges and opportunities that AIM faces. I am delighted that she has agreed to kick off the discussion.
I am also delighted that we have two other discussants on the panel:
- Tom Hinton is head of capital markets at SyndicateRoom, which (I guess) sees itself as an alternative to AIM for smaller start-ups. He is a former VP at Citigroup, who trained as a solicitor (and surfer) at Ashurst.
- Alasdair Steele heads the cross-firm Financial Sector Group at Nabarro, specializing in complex public and private M&A, strategic investments, IPOs, and secondary equity issues.
What AIM is trying to do is important – and will become increasingly so as the UK sets out on its voyage into post-Brexit global seas.