CMIT - Capital Markets Industry Taskforce

Strengthening the UK’s financial ecosystem to ensure we are the place where great companies start, grow, scale, and stay

The Capital Markets Industry Taskforce is comprised of leading organisations from across the financial markets ecosystem to drive forward the development of the UK’s capital markets.

The UK Capital Markets Industry Taskforce (CMIT) comprises CEOs, Chairs and industry leaders representing private and publicly listed companies, asset owners and managers, and the advisory services that support their access to capital and investments – representing the full end-to-end ecosystem of the public and private capital markets.

The Taskforce aims to maximise the impact of capital market reforms, ensuring the UK is the place where great companies can start, grow, scale and stay and to help investors access assets that provide returns and support the real economy in which they live and work.

Given their critical role, it is essential that capital markets work effectively and drive investment into the real economy

The UK has a superb start-up ecosystem, and yet not all of those great companies reach the scale they need or secure financing in the UK.

Addressing this challenge is a vision underpinning much of the regulatory reform currently being undertaken in the UK – including through the Kalifa Review, the Hill Review, and the Austin Review.

However, not all the change required to ensure the UK has the growth and productivity gains it seeks will come from regulatory reforms alone. It also needs to come from the full end-to-end ecosystem of the UK capital markets working to implement and embed those changes.

There is great consensus around the need for this change and positive momentum behind it and that is why a group of industry leaders who are users of the capital markets have come together in support of these efforts.

The inaugural Taskforce members bring a deep understanding and expertise from across the UK’s financial ecosystem.

“I am honoured to Chair the UK Capital Markets Industry Taskforce. This is a great opportunity to work with senior practitioners across the financial markets to build on the momentum of the UK market reviews and reforms, and ensure our markets are right for future generations.”

Julia Hoggett, CEO of the London Stock Exchange plc,
Chair of the Taskforce.

Taskforce members will convene sub-groups, deliberately drawing from a wide range of industry, academia and civil society, on specific areas where change is needed to ensure an inclusive and thorough debate.

Julia Hoggett

CEO, LSE plc (Chair)

Specialist area: Exchange

Mark Austin

Partner, Latham & Watkins

Specialist area: Lawyer

Katharine Braddick

Group Head of Strategic
Policy and Advisor to the
Group CEO, Barclays Plc

Specialist area: Corporate and Investment Banking

Peter Harrison

CEO, Schroders

Specialist area: Asset Management

Matthew Scullion

CEO and Founder, Matillion

Specialist area: Private Companies

Nicholas Lyons

Chairman, Phoenix Group

Specialist area: Pension Funds/Insurance

On sabbatical whilst performing
his duties as Lord Mayor

Joe Cassidy

Head of Corporate Strategy for KPMG UK and the Head of Financial Services Strategy for KPMG UK

Specialist area: Advisory/Audit/Accountancy

Sir Jonathan Symonds

Chairman, GSK Plc

Specialist area: Listed Companies

Erin Platts

CEO, Octopus Ventures

Specialist area: Venture Capital

Lisa Gordon

Chair, Cavendish Financial Plc

Specialist area: Investment Banking

“The UK has made enormous progress in becoming one of the best places in the world to found a high growth company. Recent reforms bring further opportunities to create world-leading companies in high growth sectors but if the UK is to create the next Apple or Alphabet, we need an ecosystem which allows companies to be scaled from the UK.

I am delighted to join this Taskforce which aims to do just that, ensuring companies can access the capital and support they need at every stage to scale globally whilst calling the UK their home.”

Matthew Scullion, CEO and Founder, Matillion

The Capital Markets Industry Taskforce publishes information about its work and governance, including minutes of its Board meetings and its terms of reference.