Paul Aitken
Chairman at Suros Capital- Claim this Profile
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Bio
Experience
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Suros Capital
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United Kingdom
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Financial Services
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1 - 100 Employee
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Chairman
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Apr 2021 - Present
Significant shareholder in this specialist lending company which provides loans secured against luxury assets including fine wine, watch collections, fine art, and classic cars. Loan book funded by the team at Crestline Investors Inc. that previously backed Borro. In 2023, have driven doubling of return on capital to 20%+ and 50% interest and fee income growth. Significant shareholder in this specialist lending company which provides loans secured against luxury assets including fine wine, watch collections, fine art, and classic cars. Loan book funded by the team at Crestline Investors Inc. that previously backed Borro. In 2023, have driven doubling of return on capital to 20%+ and 50% interest and fee income growth.
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Suttons and Robertsons
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United Kingdom
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Financial Services
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1 - 100 Employee
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Chairman
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Mar 2020 - Present
Significant shareholder in this fast growth and market leading luxury pawnbroker and watch/jewellery retailer. M&A backed by the team at Crestline Investors Inc. that previously backed Borro. In 2023, have driven doubling of return on capital to 20%+ and 50% interest income and retail margin growth. Significant shareholder in this fast growth and market leading luxury pawnbroker and watch/jewellery retailer. M&A backed by the team at Crestline Investors Inc. that previously backed Borro. In 2023, have driven doubling of return on capital to 20%+ and 50% interest income and retail margin growth.
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Fintech / Lending / eCommerce
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UK, USA, South America
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Shareholder / Board Advisor
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Jun 2019 - Present
Advisor to / investor in Fintech companies including Tabeo (first investor), Become & Upscore. Advisor to / investor in Fintech companies including Tabeo (first investor), Become & Upscore.
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CasaFi
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Financial Services
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1 - 100 Employee
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Founder
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Jan 2020 - Jun 2022
Sold software and licenses to undisclosed transaction. Platform that uses bank account, credit report and home value data to improve the financial health of homeowners. Sold software and licenses to undisclosed transaction. Platform that uses bank account, credit report and home value data to improve the financial health of homeowners.
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Holiday
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South America, Africa, Asia, North America, Australasia, Europe
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2 years Holiday
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Jun 2017 - May 2019
Visited over 35 countries, across 6 continents. Visited over 35 countries, across 6 continents.
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Borro
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Financial Services
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Founder & CEO
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Aug 2008 - May 2017
Borro is the leading asset-backed lending platform for wealthy clients and in 2014 KPMG ranked Borro #8 in the Global 50 Best Fintech Innovators. The company provides fast loans secured by a range of luxury assets including fine art, jewellery, watches, fine wine, and classic cars. From 2012-2017, Borro funded £220M of Luxury Asset loans (in June 2017 the annual run rate was >£55M) and after losses, returned £269M. During this 6 year period this loan book had an average size of £22M… Show more Borro is the leading asset-backed lending platform for wealthy clients and in 2014 KPMG ranked Borro #8 in the Global 50 Best Fintech Innovators. The company provides fast loans secured by a range of luxury assets including fine art, jewellery, watches, fine wine, and classic cars. From 2012-2017, Borro funded £220M of Luxury Asset loans (in June 2017 the annual run rate was >£55M) and after losses, returned £269M. During this 6 year period this loan book had an average size of £22M (and a peak of £45m) and a return after losses of around 210% or around 35% per annum. The property loan book had returns after losses of about 16% across £25M of lending. From the end of 2014 onwards I changed Borro’s primary method of acquiring clients from B2C to B2B2C. In the next 2.5yrs annual interest and fee income grew from £9M to over £16.5M, and an annual operating loss of (£6.5M) grew into an annual operating profit of >£5.5M. In April 2017, a strategic buyer made a formal offer of over £75M to acquire Borro. In June 2017, with another strategic buyer offer pending, I decided to resign to spend a year travelling to over 35 different countries across 6 continents. Borro was sold in November 2017, and again in February 2020. Show less Borro is the leading asset-backed lending platform for wealthy clients and in 2014 KPMG ranked Borro #8 in the Global 50 Best Fintech Innovators. The company provides fast loans secured by a range of luxury assets including fine art, jewellery, watches, fine wine, and classic cars. From 2012-2017, Borro funded £220M of Luxury Asset loans (in June 2017 the annual run rate was >£55M) and after losses, returned £269M. During this 6 year period this loan book had an average size of £22M… Show more Borro is the leading asset-backed lending platform for wealthy clients and in 2014 KPMG ranked Borro #8 in the Global 50 Best Fintech Innovators. The company provides fast loans secured by a range of luxury assets including fine art, jewellery, watches, fine wine, and classic cars. From 2012-2017, Borro funded £220M of Luxury Asset loans (in June 2017 the annual run rate was >£55M) and after losses, returned £269M. During this 6 year period this loan book had an average size of £22M (and a peak of £45m) and a return after losses of around 210% or around 35% per annum. The property loan book had returns after losses of about 16% across £25M of lending. From the end of 2014 onwards I changed Borro’s primary method of acquiring clients from B2C to B2B2C. In the next 2.5yrs annual interest and fee income grew from £9M to over £16.5M, and an annual operating loss of (£6.5M) grew into an annual operating profit of >£5.5M. In April 2017, a strategic buyer made a formal offer of over £75M to acquire Borro. In June 2017, with another strategic buyer offer pending, I decided to resign to spend a year travelling to over 35 different countries across 6 continents. Borro was sold in November 2017, and again in February 2020. Show less
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Visual Media Fx
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London and Oxford
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Interim CEO and Career Break
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Sep 2007 - Jul 2008
I spent 4 months as the interim CEO for a Balderton Capital / 3i backed software business. This was followed by 6 months planning and project managing a house re-build. I spent 4 months as the interim CEO for a Balderton Capital / 3i backed software business. This was followed by 6 months planning and project managing a house re-build.
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Arvato
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Germany
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Transportation, Logistics, Supply Chain and Storage
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700 & Above Employee
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Managing Director & Board Member
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Aug 2006 - Aug 2007
Arvato Mobile (acquired by Mondia Media) provided a broad range of digital entertainment solutions. I was the UK Managing Director and Board Member of Arvato Mobile, and I helped grow the business by driving the merger with my previous company Movota. Arvato Mobile (acquired by Mondia Media) provided a broad range of digital entertainment solutions. I was the UK Managing Director and Board Member of Arvato Mobile, and I helped grow the business by driving the merger with my previous company Movota.
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Movota
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United Kingdom
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Telecommunications
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Founder & Managing Director
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Jan 2004 - Jul 2006
I founded this company in 2004 and sold it to Bertelsmann in 2005, leading the merger of Movota with Arvato Mobile a year later. Movota developed, marketed and operated interactive mobile apps for TV and Radio broadcasters and producers across Europe. Clients included BBC, SBS, RTL, & AETN. I founded this company in 2004 and sold it to Bertelsmann in 2005, leading the merger of Movota with Arvato Mobile a year later. Movota developed, marketed and operated interactive mobile apps for TV and Radio broadcasters and producers across Europe. Clients included BBC, SBS, RTL, & AETN.
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Dixons Carphone
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United Kingdom
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Retail
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700 & Above Employee
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General Manager
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Aug 2002 - Dec 2003
Dixons Retail is the electrical and computing arm of Dixons Carphone plc, Europe’s leading specialist electrical and telecommunications retailer and services company. Dixons’ brands include Currys, PC World and Knowhow in the UK and Ireland. I was driving the company forward by managing the supply chain and developing its strategy. Dixons Retail is the electrical and computing arm of Dixons Carphone plc, Europe’s leading specialist electrical and telecommunications retailer and services company. Dixons’ brands include Currys, PC World and Knowhow in the UK and Ireland. I was driving the company forward by managing the supply chain and developing its strategy.
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Travelling
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India
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Career Break
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Jan 2002 - Aug 2002
After completing my MBA at IMD in Lausanne, Switzerland, I spent 7 months travelling across 10 countries. After completing my MBA at IMD in Lausanne, Switzerland, I spent 7 months travelling across 10 countries.
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RM plc
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Executive
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Sep 1997 - Nov 2000
RM is the leading provider of ICT to UK education. I was involved in variety of roles including purchasing, marketing, product management and operations. My roles had a focus on forming and / or maintaining partnerships in Japan, China, Singapore, Thailand, Malaysia, South Korea, and USA. RM is the leading provider of ICT to UK education. I was involved in variety of roles including purchasing, marketing, product management and operations. My roles had a focus on forming and / or maintaining partnerships in Japan, China, Singapore, Thailand, Malaysia, South Korea, and USA.
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Education
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IMD Business School
MBA, International Business -
Abingdon School
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University of Nottingham
Bachelor of Arts - BA, Social Sciences