14 January 2018


Dowgate Capital, the corporate broking boutique, is pleased to announce the appointment of three new board members whose extensive experience of investment banking and investment management will help drive the next stage of the company’s development. After an effective change of ownership in 2016, Dowgate is focused on supporting proven enterprise.

Lorna Tilbian joins as a non-executive director and chairman designate. She will assume the role of chairman at the next AGM. David Poutney, who is currently chairman and chief executive, will continue in the role as chief executive. Lorna has had a 30 year career in investment banking and is a leading expert in the media sector, an area where Dowgate already has a number of corporate clients. Following her retirement from mainstream investment banking, Lorna has been appointed as a non executive director to a number of other boards, mostly of companies operating in the media sector, including M & C Saatchi plc, Euromoney Institutional Investor plc and Rightmove plc.

Also joining the board as an executive director is Paul Richards, for many years a highly rated research analyst in the media sector, including being individually rated number 1 in the Extel Small/Midcap survey from 2013 to 2016 and 2018. Paul has been a close colleague of Lorna Tilbian for over 25 years, during which time their media team was ranked number 1 in 22 of the last 23 years. Paul’s appointment further underpins Dowgate’s ambition to be a leading player in corporate broking in the media sector.

Lorna and Paul join David Lis, who was also recently appointed as a non executive director of the company. David held several senior roles in investment and fund management until his retirement in 2016 from Aviva Investors, where he was chief investment officer, equities and multi assets. Earlier in his career, David founded Windsor Investment Management and his wide ranging experience will help us to grow Dowgate’s emerging asset management business. David currently holds three significant non executive board positions at Melrose Industries plc, BCA Marketplace plc and Electra Private Equity plc.

Commenting on these appointments, David Poutney, chairman and chief executive, said:
“Dowgate Capital is at an early stage of its development and we are fortunate to have three such knowledgeable and experienced individuals joining our board to help us move to the next stage. The introduction of Mifid II has completely changed the corporate broking landscape, but this provides as many opportunities as it does threats. In the new environment, it is increasingly difficult for smaller growing companies to attract the attention of investors. Our aim is to give these companies a louder voice and to help them raise the capital they need to grow. The significant strengthening of our board will help us to achieve this ambition.”