London-based International Property Securities Exchange has appointed Malcolm Fallen as a non-executive director to its UK board.
Fallen is currently chairman on the boards of energy services provider Kentech, security systems firm Optilan and media subscription research service Enders Analysis.
He joins chairman Michael Higgins and Imogen Joss as the third non-executive on the UK board, along with its executives, Alan Ramsay, chief executive, and Ian Pain, chief financial officer.
IPSX will be the first regulated securities exchange in the world dedicated to the initial public offering and trading of companies owning single commercial real estate assets.
It will operate a platform on which real estate securities will trade as a mainstream asset class available to institutional and private investors globally.
The exchange is in discussion with early potential issuers, including private equity real estate funds, sovereign wealth funds, quoted real estate groups and owner-occupiers.
It is due to launch later this year, subject to regulatory approval.
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