Howard Shore (entrepreneur)

Not to be confused with Howard Shore.
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 based in Guernsey, London, Liverpool, Edinburgh and Berlin. [1] He is also a director of Puma Brandenburg Limited, a German-based real estate fund[2] 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.[3]

In 1985, aged 25, he founded Shore Capital as an independent stockbroker with an initial investment of £10,000.[4] 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.[3][5]

In 2000, following the acquisition of internet firm Jellyworks, Shore Capital floated on the AIM stock market.[6]

In 2006 Shore Capital established Puma Brandenburg Limited, a German real estate fund 55% owned by Shore and his family.[7] The fund’s portfolio includes a number of Lidl food retail stores and the Hyatt Regency Hotel in Cologne.[3]

Shore Capital is the parent company of Puma Investments, which manages a total of 11 venture capital trusts (VCTs) invested in UK SMEs.[8][9] In 2013 Puma 9, the ninth VCT launched by Puma Investments, was the largest fund raise of its kind that year at £28m.[10]

Tottenham Hotspur

Between 2001 and 2003, Shore served as a non-executive director at Tottenham Hotspur FC, of which he is a lifelong supporter.[11][12]

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.[13] He is a consistent advocate for lighter regulation of the private sector in the UK – particularly the financial services sector – and has called for the UK to leave the European Union.[14]

References

  1. ↑ "Shore Capital Group Ltd: Performance of Funds". London Stock Exchange. 19 September 2014. Retrieved 19 March 2015.
  2. ↑ "Shore Capital Group Ltd: About the company". FT.com. Financial Times. Retrieved 19 March 2015.
  3. 1 2 3 Cave, Andrew (7 December 2012). "Monday interview: All this red tape is strangling business". The Daily Telegraph. Retrieved 19 March 2015.
  4. ↑ "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.
  5. ↑ "Shore Capital begins market-making in LSE stocks". Reuters. 15 December 1997.
  6. ↑ "Shore Capital debuts on AIM, profits up". Reuters. 16 August 2000.
  7. ↑ "Shore Capital sets up new German venture". Estates Gazette Interactive. 14 March 2006.
  8. ↑ "Shore Capital Group PLC: Directors & officers". FT.com. Financial Times. Retrieved 19 March 2015.
  9. ↑ Berry, Michael (21 October 2014). "Puma looks to break £30m record with limited-life VCT launch". Fund Web. Retrieved 19 March 2015.
  10. ↑ Watkins, Simon (7 April 2013). "Shore Capital to unveil £27.5m Puma 9 VCT fundraising this week". The Mail on Sunday. Retrieved 19 March 2015.
  11. ↑ "Tottenham Hotspur Appointment". Investegate. 21 March 2001. Retrieved 19 March 2015.
  12. ↑ Hobson, Rodney (24 December 2003). "Pass Spurs share offer". Citywire. Retrieved 19 March 2015.
  13. ↑ Gault, Louisa (26 February 2006). "'I'm an entrepreneur interested in finance'". The Daily Telegraph.
  14. ↑ 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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