Global investor services provider IQ-EQ (Isle of Man) Limited has been admitted as a Listing Member of The International Stock Exchange (TISE), joining its sister company in Jersey.
It has been approved as a Category 1 Listing Member, which enables the company to act as a listing agent for the listing of non-retail debt securities on TISE.
IQ EQ (Isle of Man) Limited is now the third firm from the Isle of Man to have joined TISE as a Listing Member.
Carolyn Gelling, Head of the Isle of Man Office of The International Stock Exchange Group (TISEG), said: “I am delighted that IQ EQ (Isle of Man) Limited has been approved as a Listing Member of TISE. Having launched the Isle of Man office not long over two years ago, it is pleasing to add such a significant name as IQ-EQ on the Isle of Man to the membership of TISE and in doing so, take the number of local member firms to three. This demonstrates the growth of the ecosystem of service providers on the island who are engaged in capital markets and TISE listings and we look forward to working closely with Craig Brown and his local team.”
Since being granted membership, IQ EQ (Isle of Man) Limited has already had three securities admitted for listing on TISE. The firm has been assisted by Hazel Dawson of Keystone Law in the preparation of listing applications.
Craig Brown, Managing Director of IQ EQ (Isle of Man) Limited, said: “I am delighted that the company has become a member of TISE and that already we have been able to facilitate three listings on the Exchange. Being a member enables us to provide an additional service offering to our Isle of Man clients who wish to list non-retail debt and we look forward to bringing more listings to the Exchange in the future.
“We are also actively engaging with counterparties in the Real Estate Investment Trust arena, where synergies exist in terms of the group’s long experience in property asset administration, and we are likely to look to extend our TISE membership category to enable us to list investment vehicles, including REITs.”
Fiona Le Poidevin, CEO of TISEG, said: “The addition of IQ EQ (Isle of Man) Limited as a member of TISE is yet further evidence of the growing demand for TISE listings by issuers and their advisers and the realisation by firms on the island of the advantages of being able to offer a holistic service. I am very positive about the group’s ability promote this offering through its local and group offices to a large client base in order to attract more new business to the Exchange.”
