Howard Shore (entrepreneur)

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Howard Shore
Howard Shore (entrepreneur).JPG
NationalityBritish
OccupationEntrepreneur

Howard Shore founded and remains chairman of Shore Capital Group Limited, an investment group based in Guernsey, with offices in the UK and Europe.[1] He later founded Puma Brandenburg Limited, a family owned investment vehicle focused on real estate and other asset classes[2] and is a prominent supporter of the UK Conservative Party.

Career[edit]

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 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.[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] In 2000, following the acquisition of internet firm Jellyworks, Shore Capital floated on the AIM stock market.[5]

In 2006 Puma Brandenburg Limited was established, initially as a listed property investment vehicle focused on German real estate.[2] It was subsequently taken private by Shore and his wife.[6] As well as real estate in Germany, the US and Israel, it has invested in other asset classes including co-working and medical devices. In February 2018, Puma Brandenburg 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.[7] In February 2019, Puma Brandenburg led a US$30m investment in medical device company, Ador[8] and Shore became a director of the company.

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.[9]

Shore announced that he was relinquishing operational responsibilities for Shore Capital in 2017 but he remains as chairman of the Group.[10][11]

Tottenham Hotspur[edit]

Between 2001 and 2003, Shore served as a non-executive director at Tottenham Hotspur FC, of which he is a lifelong supporter.[12][13]

Political activity[edit]

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.[14] 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.[15] In 2019 Conservative Party leadership election, Shore financially backed the then Home Secretary, Sajid Javid.[16]

References[edit]

  1. ^ "Interim results". London Stock Exchange. 26 September 2019. Retrieved 4 October 2019.
  2. ^ a b Hall, Algernon (17 March 2006). "German property fund rakes in the cash". Citywire New Model Adviser. Retrieved 4 October 2019.
  3. ^ a b Cave, Andrew (7 December 2012). "Monday interview: All this red tape is strangling business". The Daily Telegraph. Retrieved 4 October 2019.
  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. ^ "Second quarter and interim results". FE Investegate. 16 August 2000. Retrieved 4 October 2019.
  6. ^ "Interim results | Institutional Asset Management | Puma Brandenburg Limited". London Stock Exchange. 26 September 2019. Retrieved 4 October 2019.
  7. ^ Shalev, Asaf (26 February 2018). "Shared Office Company Mixer Raises $40 million. | The funding round was led by British investor Howard Shore who has joined the company as a non-executive chairman". CTECH. Retrieved 4 October 2019.
  8. ^ Thompson, Simon (4 February 2019). "BATM highlights hidden value". Investors Chronicle. Retrieved 4 October 2019.
  9. ^ "Brandenburg Realty achieves final close of €150 million". Financial Times markets data. Retrieved 4 October 2019.
  10. ^ "Shore Capital Group: Correction: Directorate Change". FE Investegate. Retrieved 4 October 2019.
  11. ^ Cornish, Chloe (29 March 2017). "Howard Shore steps down as CEO of Shore Capital". Financial Times. Retrieved 4 October 2019.
  12. ^ "Tottenham Hotspur Appointment". FE Investegate. 21 March 2001. Retrieved 4 October 2019.
  13. ^ Hobson, Rodney (24 December 2003). "Pass Spurs share offer". Citywire. Retrieved 4 October 2019.
  14. ^ Gault, Louisa (26 February 2006). "'I'm an entrepreneur interested in finance'". The Daily Telegraph.
  15. ^ Dunkley, Jamie (4 August 2013). "Shore Capital founder: 'UK would be better off if we left the EU'". The Independent. Retrieved 4 October 2019.
  16. ^ "Tory leadership race: Leavers and Remainers back Sajid Javid with £50,000 in donations". The Times. 13 May 2019. Archived from the original on 2 June 2019. Retrieved 1 June 2019.