Ian Quayle Jones

Ian Quayle Jones (born 1941) is the co-founder and former chairman and chief executive of Quayle Munro merchant bank.[1]

Education

Ian Quayle Jones was educated at Strathallan School in Perthshire, Scotland and the University of Edinburgh, graduating with a degree in law.[2][3]

Career

Jones qualified as a solicitor and joined Cowans Stewart where he became a partner.[3] In 1972 he moved to Ivory & Syme as a fund manager.[3] Within a year he moved to the British Linen Bank, the merchant banking arm of the Bank of Scotland.[3] Following several promotions, he was appointed director with responsibility for the investment department.[3] Jones also managed the bank's investment company, Melville Street Investments (Edinburgh), which specialised in providing finance for unlisted companies.[1] In 1981 Jones organised Scotland's first privatisation, Gleneagles Hotel, which was part of British Transport Hotels.[4] In 1983, he formed his own company.[1]

Quayle Munro

Main article: Quayle Munro

Ian Jones and Michael Munro established Quayle Munro in 1983 to provide professional financial services to companies in Scotland and the North of England.[1] Initially, Jones and Munro were executive directors and Sir Alan Smith was chairman.[1]

Over time the firm developed three main areas of operation: corporate finance work for smaller plcs and large privately owned companies, including advice on capital-raising, mergers and acquisitions; an investment portfolio in listed and unlisted United Kingdom (UK) companies; and advising/funding private finance initiative (PFI) deals in Scotland.[5]

In the 1980s, Jones oversaw several large deals including Dawson International's £650 million bid for Coats PLC and the listing of Shanks Group on the London Stock Exchange.[6] Quayle Munro also advised the Scottish Office on the privatisation of ScotRail and the Scottish Bus Group, the disposal of the Scottish Development Agency's investment portfolio, the funding arrangements for the Skye Bridge and advised on the potential privatisation of water facilities in Scotland.[7][5]

The Skye bridge was the first private finance initiative deal in the United Kingdom.[3] Quayle Munro became the preferred adviser for the majority of PFI deals in Scotland until the introduction of the Scottish Futures Trust in 2008.[3]

In June 1993, Jones, oversaw the floatation of Quayle Munro on the London Stock Exchange.[7] In 2003, he moved the firm's listing from the main stock market to the Alternative Investment Market (AIM).[8]

In 2007 and 2008, Jones made the strategic decision to purchase, New Boathouse Capital and Van Tulleken respectively, both companies based in London, and both corporate finance advisers.[9][10] In a move to compete in new markets.[9]

From the beginning, the bank, under Jones's stewardship, invested for the long-term in various UK companies and industries.[4] Jones served as a director of numerous different companies including: Bank of Scotland Integrated Finance, Tayside Flow Technologies Limited, Morris Group Limited, Chiltern Invadex PLC and Submersible Television Surveys Limited.[11]

In July 2002, Jones announced that he would retire from his role as chief executive and retain his position as chairman on a part-time basis.[12] He retired from the bank in March 2010.[4]

References

  1. 1 2 3 4 5 "Quayle Munro sets up in Charlotte Square". The Herald (Glasgow). 25 March 1983. p. 13. Retrieved 31 March 2014.
  2. ↑ "Some former pupils show the way". The Herald (Glasgow). 6 October 1998. Retrieved 31 March 2014.
  3. 1 2 3 4 5 6 7 "When success follows with every new step". Daily Record (Scotland). 28 November 2008. Retrieved 31 March 2014.
  4. 1 2 3 "Jones bows out from merchant bank built on a solid foundation". The Herald (Glasgow). 20 March 2010. p. 23. Retrieved 2 April 2014.
  5. 1 2 "The small firm making a big name for itself". Sunday Herald. 19 December 1999. Retrieved 3 April 2014.
  6. ↑ "Quayle Munro shares set to soar". The Times. 6 June 1993. Retrieved 3 April 2014. Formed in 1983 Quayle Munro has kept a relatively low profile despite being involved in some of Scotland's largest corporate transactions including the £650m agreed Dawson International bid for Coats Paton and the £135m full placing and listing for Shanks Group
  7. 1 2 "Quayle Munro shares set to soar". The Times. 6 June 1993. Retrieved 3 April 2014. The company's profile has been raised recently with large assignments for the Scottish Office, working on the privatisation of the Scottish Bus Group, handling Scottish Enterprise's investment portfolio, and funding arrangements for the Skye Bridge. Its most controversial appointment was advisers on the options for privatisation of water and sewerage facilities in Scotland
  8. ↑ "Quayle Munro abandons main market for AIM". The Herald (Glasgow). 19 September 2003. Retrieved 29 March 2014. Quayle Munro, the corporate finance and investment boutique, is to move its listing to the Alternative Investment Market after 10 years on the main market
  9. 1 2 "Quayle snaps up M&A adviser". Financial Times. 9 July 2007. Retrieved 3 April 2014. Quayle Munro, which has a market capitalisation of £50m, decided to look for a corporate finance business to bolster its advisory practice, which has focused primarily on public finance initiatives and public to private partnerships, said Ian Jones, chairman. "NBC is now where we were several years ago, so we saw this as a good way to get back into traditional corporate finance," said Mr Jones, who will be executive chairman of the combined company
  10. ↑ "Norris notches up second deal". Financial Times. 14 April 2008. Retrieved 3 April 2014.
  11. ↑ "Executive Profile: Ian Quayle Jones". Bloomberg Businessweek. 2 April 2014. Retrieved 2 April 2014.
  12. ↑ "Quayle Munro chief to step down". The Scotsman. 24 July 2002. Retrieved 2 April 2014.
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