High-flyer leaves senior role to concentrate on fintech firm

A MANCHESTER-based high flying business adviser has quit his senior role to focus on a fast growing fintech business he co-founded.

Former Barclays and USB man David Newman’s new firm Delio builds digital investment platforms to help financial institutions connect wealthy investors with a wide range of private investment opportunities.

Delio was born out of the changing needs of today’s wealth creators who are increasingly investing directly in private equity, private debt and real estate.

Newman believes the offerings of traditional financial institutions serving investors have not evolved to meet their needs.

He said: “The Delio platform helps institutions overcome compliance hurdles, improve distribution and develop analytics to strengthen their engagement within the private investment space.

“This will deliver a more well-rounded proposition for their clients. Delio gives firms the flexibility to source new deal-flow or access new investors yet retain the control required when dealing in a complex regulatory environment.”

Newman’s co-founder is former EY and Convex Capital man Gareth Lewis. He has been running Delio since the beginning of 2015 and has achieved some impressive milestones in this period.

In August, the team were selected alongside nine other high fintech specialists from across the glove to be part of the 2015 cohort in the prestigious Shartupbootcamp’s Fintech Accelerator in London.

Since then, Delio has completed a successful angel investment round and is currently running pilots with major European banks, wealth managers and professional service firms as well as delivering ready-made solutions to boutique players looking to connect better with the private market.

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