Martin Groak appointed Non-Executive by Eight Capital
Financial services firm Eight Capital Partners has appointed auditing and advisory veteran Martin Groak as a Non-Executive Director. Groak brings more than three decades of consulting and financial services experience to the role.
Eight Capital Partners is a financial services company based in London. The firm operates a system of targeted investments which focus on opportunities in the technology, media, telecoms and financial service sectors. It provides equity, debt, and equity-related investment capital to growing companies which are seeking capital for growth and development, consolidation or acquisition, or as pre-IPO financing, as well as occasionally undertaking reverse takeovers in applicable cases.
As the firm looks to expand its client-base in 2019, while the UK financial services sector braces for an uncertain future with Brexit on the horizon, it has appointed a new Non-Executive Director. Martin Groak takes up a role on the board of the company having previously worked with the firm as a consultant to the company. At the time, Groak sat on the board of Cogenpower, and later, Monreal, and subsequently worked as a consultant to Eight Capital, which purchased the firms.
A retired chartered accountant, Groak commands some 30 years of international business experience, with a strong background in finance and financial control, predominantly in oil exploration, renewable energy, logistics and physical trading. As a consultant and interim manager, he obtained diverse sector experience, including video games development, secure telephony, "lean" app development and managing the finances of the UK's second-generation nuclear power station fleet.
He has subsequently held numerous CFO positions, and been a director of 5 UK publicly listed companies. Groak is currently a Non-Executive Director of Tanfield Group – an AIM quoted investing company focussed on the engineering sector – and an advisor to a "healthy ageing" project. He will retain this position alongside his new role at Eight Partners, which commences immediately.
Related: Five reasons why the financial services sector hires consultants.
