We are delighted to welcome Marcus Scott, as a member of our new and exciting Advisory Board for the GFA Exchange! Marcus brings a wealth of experience and expertise at a time of exciting and positive industry disruption at GFA Exchange. It is an important time, as we execute on our partnership and global growth activity, and enhance our reputation for helping the financial services sector respond to change, through inclusive business growth intelligence.
Leading positive and inclusive change across the industry
Marcus's appointment with GFA Exchange aligns with his own values for leading positive change across the financial services industry, alongside his own previous work in both financial services and technology within key executive roles. He stated:
"In a challenging environment for anyone lending money to companies, GFA provides an inclusive solution that helps financial service sector firms identify the type of clients most likely to deliver long-term growth and manage risk with more confidence.
This allows them to make better lending decisions that will support their business objectives. Joel and the team have made great progress in developing the solution and building partnerships and we look forward to the solution becoming widely used."
Marcus is an experienced COO and Chartered Accountant (FCA) with 20 years of experience. As CFO/COO of TheCityUK for 10 years, he was responsible for leading the company's strategy development and day to day implementation of processes to deliver that strategy.
Previously he had over 10 years experience as a Chief Financial Officer for several technology companies, developing start-ups and high growth businesses including being CFO of AIM listed Cleantech company ITM Power and Cambridge based antenna company Antenova.
In 2017, he received the prestigious Global Excellence 2017 award for the Industry Association CFO of the year.
We need to address the additional debt in response to Covid-19
Marcus has also been instrumental in the work of the UK ReCapitalisation Group which has been focused on understanding and identifying mechanisms to support the recapitalisation of UK businesses that have needed to take on this additional debt in response to Covid-19.
This was based on intensive work by over 200 senior practitioners, and compiled in consultation with HM Treasury, the Bank of England and the Financial Conduct Authority, as well as business trade associations representing a wide spectrum of business sectors and sizes.
TheCityUK is the industry-led body representing UK-based financial and related professional services, an industry that contributes over 10% of the UK’s total economic output, is the largest tax payer and employs 1 in 14 people across the country – two thirds of whom are based outside London. It is also the biggest exporting industry, generating a trade surplus equivalent to all other net exporting industries combined.
Our purpose is to champion and support the success of the UK-based financial and related professional services ecosystem, and thereby our members.