Howard Shore (entrepreneur)

Howard Shore
Nationality British
Occupation Entrepreneur

Howard Shore is the founder and executive chairman of Shore Capital Group plc, a UK investment group based in Guernsey, London, Liverpool, Edinburgh and Berlin.[1] He established and is also a director of Puma Brandenburg Limited,[2] a German-based investment company[3] and a prominent supporter of the UK Conservative Party.

Career

Howard Shore began his career at private client fund manager Grieveson Grant & Co before studying economics at Cambridge University. On graduating, he returned to the City and traded financial futures on the newly established LIFFE market.[4]

In 1985, aged 25, he co-founded Shore Capital (then known as Puma Securities) as an independent stockbroker with an initial investment of £10,000, providing trading services on behalf of high net worth individuals.[5] Following an investment from British Land, a London property firm, Shore grew the business, initially market-making in AIM-listed stocks and then in fully listed stocks on the London Stock Exchange.[4][6] Following the acquisition of Charterhouse Tilney, Shore expanded the company's offering in institutional research and corporate broking.[4]

In 2000, following the acquisition of internet firm Jellyworks, Shore Capital floated on the AIM stock market.[7]

In 2006 Shore Capital established Puma Brandenburg Limited, a holding company primarily focused on German real estate 90% owned by Shore and his wife.[8] The portfolio's holdings include over 3,000 residential apartments, most of which are in Berlin; and 185 commercial properties ranging from Lidl food retail stores and to a number of hotels, including the Hyatt Regency Hotel in Cologne.[4][9]

In 2015, Shore established Brandenburg Realty Limited, raising funds from institutional investors and family offices, predominantly from the United States, to invest in German residential real estate.[10]

In February 2018, Shore led a US$40m investment in Mixer Global, a co-working company founded in Israel. As part of the deal, Shore became chairman of the business.[11]

Shore announced that he was relinquishing operational responsibilities for Shore Capital in 2017 but he remains as executive chairman of the Group.[12][13]

Tottenham Hotspur

Between 2001 and 2003, Shore served as a non-executive director at Tottenham Hotspur FC, of which he is a lifelong supporter.[14][15]

Political activity

Howard Shore is a prominent supporter of the UK Conservative Party and in 2006 became one of the earliest financial backers of the new leader David Cameron.[16] He is a consistent advocate for lighter regulation of the private sector in the UK and was prominent among the business community in calling for the UK to leave the European Union.[17]

References

  1. ↑ "Shore Capital Group Ltd: Performance of Funds". London Stock Exchange. 19 September 2014. Retrieved 19 March 2015.
  2. ↑ "Shore Capital Group Ltd, SGR:LSE directors and dealings". Financial Times. Retrieved 24 October 2017.
  3. ↑ "Shore Capital Group Ltd: About the company". Financial Times. Retrieved 19 March 2015.
  4. 1 2 3 4 Cave, Andrew (7 December 2012). "Monday interview: All this red tape is strangling business". The Daily Telegraph. Retrieved 19 March 2015.
  5. ↑ "Shore Capital's founder Howard Shore tells why his boutique investment house can thrive in battered Edinburgh". The Scotsman. 20 June 2009. Retrieved 19 March 2015.
  6. ↑ "Shore Capital begins market-making in LSE stocks". Reuters. 15 December 1997.
  7. ↑ "Shore Capital debuts on AIM, profits up". Reuters. 16 August 2000.
  8. ↑ "Shore Capital sets up new German venture". Estates Gazette Interactive. 14 March 2006.
  9. ↑ "Annual Report and Accounts 2016" (PDF). Puma Brandenburg. 30 August 2016.
  10. ↑ "Brandenburg Realty achieves final close of €150 million". Financial Times markets data.
  11. ↑ White, Lucy. "New co-working business grabs $40m in investment round led by Shore Capital founder Howard Shore". Retrieved 26 February 2018.
  12. ↑ "FE Investegate |Shore Capital Group Announcements | Shore Capital Group: Correction: Directorate Change". www.investegate.co.uk. Retrieved 24 October 2017.
  13. ↑ Smith, Rebecca (29 March 2017). "Howard Shore relinquishes chief executive duties at Shore Capital". Retrieved 24 October 2017.
  14. ↑ "Tottenham Hotspur Appointment". Investegate. 21 March 2001. Retrieved 19 March 2015.
  15. ↑ Hobson, Rodney (24 December 2003). "Pass Spurs share offer". Citywire. Retrieved 19 March 2015.
  16. ↑ Gault, Louisa (26 February 2006). "'I'm an entrepreneur interested in finance'". The Daily Telegraph.
  17. ↑ Dunkley, Jamie (4 August 2013). "Shore Capital founder: 'UK would be better off if we left the EU'". The Independent. Retrieved 19 March 2015.
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