The International Stock Exchange (TISE) has launched its presence in the Isle of Man.

More than 120 members of the local business community attended an event at Noa Bakehouse on Thursday [9 March].

Jon Moulton, Chairman of The International Stock Exchange Group (TISEG), said: “The event was a big success. It was very well supported and there was a great deal of interest in the opportunities that the Exchange offers the Isle of Man.”

Mr Moulton added: “There are Isle of Man trading companies across a diverse range of industries who may need to access capital to support their growth plans. In addition, there are significant opportunities for Manx professional firms to capitalise on the arrival of TISE and the guests clearly recognised this.”

Mr Moulton welcomed guests to the event and he was joined by Treasury Minister Alf Cannan, MHK (pictured).

Minister Cannan said: “I am very pleased that TISE has chosen to establish a presence in the Isle of Man. This not only creates direct employment opportunities but, by supporting the fundraising needs of many other local businesses, it has the potential to help generate many more jobs and revenue in our local economy. All of this aligns closely to the objectives outlined in Tynwald’s programme for Government and I am delighted to welcome the Exchange to the Isle of Man.”

TISE was rebranded from the Channel Islands Securities Exchange (CISE) earlier this month. Isle of Man based Anderson Whamond has been appointed as a non-executive director and Carolyn Gelling will take up her position as Head of Isle Man Office at the start of May.
Mr Moulton added: “My sincere thanks to the Minister for his welcome. We have been very well received in the Isle of Man and there are significant leads for us to now follow up on, which we will be doing in the coming weeks. This a great start to what should be a very successful partnership.”