PEXA employee No.1 and former CEO Marcus Price is finally jumping into listed markets - albeit across town with another financial markets player, Iress Ltd.
Marcus Price, former chief executive of PEXA, is well known to fund managers despite not having run a listed company.In a coup for Iress chairman Roger Sharp, Price signed on to replace Iress boss Andrew Walsh as managing director and CEO, in a move that promises plenty of activity around the $2.2 billion company.
While Price has never run an ASX-listed company, he’s no stranger to institutional investors. The executive built PEXA and then spearheaded its run at the ASX-boards in 2018, only for the attemptedPrice left PEXA not long after Link Group’s consortium took the keys in 2019, and has since been knocking around the private investment world including doing some work for an offshore private equity firm.
He gets his chance to run an ASX-listed company at Iress, reporting to the company’s board, headed by Sharp. His hire is also sure to generate interest inside investment banks, with Price not known for standing still.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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