Home Markets UK fintech PrimaryBid recruits City heavyweight Brydon as new chairman | Business...

UK fintech PrimaryBid recruits City heavyweight Brydon as new chairman | Business News

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A British technology company which enabled ordinary investors to access a deluge of corporate cash calls during the COVID-19 crisis will this week name one of the City’s biggest heavyweights as its first chairman.

Sky News has learnt that PrimaryBid has recruited Sir Donald Brydon to fill the role, in what will be regarded as a signal of its growing ambition.

Sir Donald is a former chairman of London Stock Exchange Group – one of PrimaryBid’s shareholders – and has held numerous influential roles in the top tier of British business, including as chairman of Smiths Group and Royal Mail Group, which he helped to privatise in 2013.

This week, he will retire as chairman of Sage Group, the FTSE-100 software company.

Allied to his role as chairman of Tide, the digital banking group, his appointment at PrimaryBid will underline shifting trends in financial markets in the UK and beyond.

PrimaryBid, which was founded in 2016, uses an app to…

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