Panel formed to analyse UK equity markets

Thursday August 4th, 2011

The Government has appointed three senior city figures to form the Advisory Board for the Kay Review of UK equity markets and long-term decision making.

Professor John Kay has asked Sir John Rose, former Chief Executive of Rolls-Royce plc; James Anderson, Partner and Manager at Baillie Gifford; and Chris Hitchen, Chief Executive of the Railways Pension Trustee Company and Chairman of the Pensions Quality Mark, to help shape his recommendations.

The Review was announced in June by Business Secretary, Vince Cable to investigate the way investors, shareholders, regulators and the boards of UK-listed companies can best serve the long-term interests of British businesses and the economy.

The Advisory Board will examine the investment chain – from company boards, through pension advisers and fund managers, to the ultimate beneficiaries – and make recommendations to ensure the UK is home to successful companies with access to the capital they need.

Business Secretary Vince Cable said: “The equity market is absolutely crucial to UK competiveness, but it’s also vital we consider how to best support the long-term interests of British business. Between them, Sir John, Chris and James bring a wealth of expertise to the task and I am greatly looking forward to hearing their recommendations when the review concludes next year.”

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