When Liz Truss succeeded Boris Johnson as the UK’s Prime Minister, beating rival Rishi Sunak in the race to become leader of the Conservative Party, the Fintech Times asked what her appointment means for the UK fintech community.
Among other key figures in the industry, Coremont’s Head of Business Development, Chaim Hack, spoke to the publication about his initial thoughts and what we might expect in terms of stimulating growth and maximising potential in the fintech sector.
To read the full article on The Fintech Times website, including quotes from prominent figures throughout the fintech industry, please follow the link below. We share Chaim’s thoughts here:
“Actions always speak louder than words and in the coming weeks and months we will get some clues as to what agenda the new Conservative government will put in place and how it will support the fintech sector.
“Whether it is Chase digital bank setting up in Birmingham or local firms such as Revolut growing at pace, the UK fintech sector still has huge unearthed potential. Indeed, UK fintech companies received £7.6 billion in funding during the first half of 2022, the second-largest globally after the £20.8 billion raised by US firms.
“Furthermore, data compiled by industry body, Innovate Finance, showed that for the first half of the year, global fintech investment reached £57.6 billion. The opportunity to turbocharge the fintech industry and grow it significantly more is there – now it is down to PM Truss to enact the policies.”
Chaim joined our London office earlier in 2022, bringing 15 years’ experience across buy-side, sell-side and fintech, including various roles within JP Morgan’s hedge fund and derivative service departments.
At Coremont, Chaim is focusing on growing business with systematic, credit and global macro hedge fund managers.