JDX, the global financial services consulting firm, announced today that it was excited to welcome Kevin Gould, Alison Rankin Frost and Tim Frost, as new investors in the company.
Kevin was co-founder and President of Markit Group and will join the board of JDX Holdings Limited. Alison Rankin Frost founded the reputation management consultancy Context and is a co-investor with her husband Tim, who is a co-founder of Cairn Capital. The new investors have a 20% stake in the company between them.
The investors bring invaluable strategic experience that aligns to JDXs objective of diversification, both in terms of building out its offering with complementary businesses and geographical diversification through its hubs in New York and Singapore, with the ultimate aim of listing the company via an initial public offering (IPO).
JDX continues its steady, rapid growth and goes from strength to strength. In the last year it has appointed Mark Williams and Lucy Dorr to the JDX Executive Committee, which in addition to the new investors is a further strengthening of the firm’s senior leadership. Mark was appointed as Chief Financial Officer and has significant experience of raising equity and debt financing in public and private markets. Lucy joined JDX in early May to spearhead its global consulting business.
About Kevin Gould
Kevin was a co-founder and President of Markit Group (now IHS Markit) a leading source of information and insight in critical areas that shape today’s business landscape. Before Markit he was at TD Securities as head of European fixed income. Kevin has a depth of expertise in running, growing and listing a rapidly growing company and will bring valuable insight and operational acumen to JDX. He is well connected within the financial services industry, particularly throughout Asia-Pacific, a significant geographical location for JDX, having previously led Markit’s operations in the region, spanning Singapore, Hong Kong, Japan, Australia and China.
About Alison and Tim Frost
Alison is the founder of Context reputation management—Context was one of the first dedicated reputation risk and protection consultancies. JDX will significantly benefit from her experience in the areas of culture, branding and marketing.
Tim is a co-founder of Cairn Capital and is now non-executive chair of Cairn Capital Group Limited. Before Cairn, he spent 15 years working in markets at JP Morgan. He has also served as non-executive chair of Markit and two terms as a Director of the Bank of England.
Commenting on the partnership, Kevin Gould said: “At times of uncertainty and rapid change, market participants need trusted partners who are there for them in their hour of need. I have seen JDX be that trusted partner time after time, and I am delighted to be able to help the firm build the capacity to be a trusted partner globally”.
Jonathan Davies, Founder and President of JDX, said: “We have a clear objective of an IPO within 3-4 years and I believe that the new investors together with Mark’s arrival will be instrumental in making that a reality”.
Founded in 2012 and with more than 700 ‘JDXers’ the firm’s ability to resolve the most complex business challenges and yet also quickly provide skilled support for large-scale tactical operations, enables it to serve the entire financial service ecosystem – from corporate and investment banks, to fund managers and insurers through to capital market intermediaries and the breakthrough fintechs.