The formerly bankrupt OneWeb satellite company is now owned principally by Bharti Global and the UK government. $1bn of new equity has been injected into the company.
Neil Masterson, formerly co-COO of Thomson Reuters, where he spent 20 years, is the new CEO, and returns from New York to London for this role.
On 27 October 2020, UBS announced its new fintech fund, UBS Next, which will be tasked with investing $200m in early stage startups. It will play to internal modernisation efforts within UBS.
Sabine Keller-Busse, who joined UBS in 2010 and is now UBS Group COO, is an Ex-McKinsey Partner and alumna of the University of St Gallen. She stated that the move will keep UBS at the "forefront of the digital movement".
Mike Dargan, Group Head of Technology for UBS, also added supporting words.
UBS Next will utilize a partnership with Anthemis to help identify up-and-coming fintech startups and boost deal flow.
Sean Park, a co-founder (and Chief Investment Officer) of Anthemis, with a passion for skiing, was a founding investor in Betfair (now integrated from a corporate standpoint with Paddy Power and known as Flutter Entertainment PLC).
