RCS - All Active Asset Cap - Mark Ashton-Rigby joins Sentiance as NED

BarclaysAnnouncement

28/03/2024 14:00

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RNS Number : 7548I  All Active Asset Capital Limited  28 March 2024

 

 28 March 2024

 

All Active Asset Capital Limited

('AAA')

 

Mark Ashton-Rigby joins Sentiance as NED

 

AAA's key portfolio investment Sentiance N.V. ('Sentiance'), the leading
provider of AI-based motion insights from mobile data, has strengthened its
Board with the appointment of Mark Ashton-Rigby as an Independent
Non-Executive Director.

 

Mark has over 30 years' experience in technology and operations in financial
services, including from 2019 to 2023 as the Group Chief Operating Officer and
a member of the Group Executive Committee at Barclays PLC, the diversified
banking group. He also served as Chief Executive of Barclays Execution
Services (BX), the service company providing technology, operation, and
functional services to businesses across the Barclays group. He joined
Barclays in September 2016 as Group Chief Information Officer, having
previously held senior technology roles at J.P. Morgan, UBS, and Deutsche
Bank.

 

The appointment will add significant experience and expertise to the Board of
Sentiance at a time of growing demand for the company's innovative,
mobile-first, edge-based solution that uses Artificial Intelligence (AI) to
provide valuable motion insights. Used by clients worldwide in sectors
including motor insurance, the gig economy, and sustainable mobility,
Sentiance's technology understands and improves driver safety, and reduces
risk in a scalable cost-efficient way.

 

Sentiance, based in Belgium, completed its most recent fundraising in October
2023 with the participation of its largest shareholder, AAA, and other
existing investors including Sentiance CEO Toon Vanparys, KPN Ventures, Volta
Ventures, and PMV, the investment vehicle of the Flanders government.

 

Colin McQuade, AAA Executive Director and Chairman of Sentiance, commented:
"Mark is one of the most experienced banking and technology executives in the
UK, so we are delighted that he is joining the Board of Sentiance to help
guide the company's continued development. Adding a Director of this calibre
is a reflection of our ambition to build Sentiance as a global leader in this
exciting field."

 

Toon Vanparys, CEO of Sentiance, said: "Sentiance has a significant growth
opportunity thanks to our unique technology combining Artificial Intelligence
and on-device edge computing. Mark will bring valuable insights, experience,
and market knowledge to the Board as we scale our operations and roll out our
platform to clients worldwide."

 

Mark Ashton-Rigby added: "Sentiance is a genuine innovator with a cutting-edge
product that brings significant benefits to clients. I am looking forward to
working with its Board and leadership team to help the company to maximise the
opportunities ahead."

 

For further information:

All Active Asset Capital Limited

James Normand, Chairman

Colin McQuade, Executive Director

www.aaacap.com (http://www.aaacap.com)

 

New North Partners

Graham McWilliam / Robert Fraser

e: graham.mcwilliam@newnorthpartners.com
(mailto:graham.mcwilliam@newnorthpartners.com)

e: robert.fraser@newnorthpartners.com
(mailto:robert.fraser@newnorthpartners.com)

 

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

t: +44 (0)20 7466 5000

e: aaac@buchanan.uk.com (mailto:aaac@buchanan.uk.com)

 

 

 

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