Shard Media Group (SMG), the parent company of Credit Strategy, has completed its first acquisition: of event company Financial Services Expo (FSE).
SMG is renowned for its high-quality digital content for premium members, along with high-end events such as Credit Week and its Parliamentary Reception, the Credit Summit, Women in Credit Awards, the Credit Awards, the Collections & Vulnerability Summit and the Lending Summit.
Along with Credit Strategy, SMG is the parent company of Reward Strategy and Turnaround, Restructuring and Insolvency (TRI) News.
The purchase of the independent Financial Services Expo will strengthen its event programme still further, broadening its offering to lenders, the mortgage community and all professionals working in the sales and distribution of financial products.
Financial Services Expo (FSE) was launched in 2013 by James Prosser, formerly of Clarion and Incisive Media. Prosser has spent the past seven years developing FSE into the UK’s foremost mortgage and protection exhibitions with events in London, Manchester, Scotland and East Midlands. The aim now is to build on this and broaden this out to a wider range of lenders and advisers.
"For the first time, we will bring the mortgage market together with car finance, alternative finance and a wider variety of loan types"
Shard chief executive Luke Broadhurst and Prosser had worked together at Incisive Media in the 2000s, publishing Mortgage Solutions, Your Mortgage and Your Money as managing director and commercial director respectively. They were also pivotal in the development of the highly successful British Mortgage Awards, The Mortgage & Protection Event, and other events, now successfully continued by AE3 Media, as well as many customised media solutions for mortgage lenders and general financial services providers.
All four Financial Services Expos under SMG will take place in autumn 2020. This will enable SMG to truly build on the opportunities available while taking a responsible approach to the issues surrounding the coronavirus and Covid-19.
FSE London will take place on September 16, FSE Manchester on September 22, FSE East Midlands on October 8 with FSE Scotland to be confirmed.
To register your interest in any of these events, click here.
Broadhurst said: “I have heard time and again that the industry wants more innovation. James and FSE provided something different and we aim to build on this still further; for the first time bringing the mortgage market together with car finance, alternative finance and a wider variety of loan types. I can’t wait to work together as we develop FSE in conjunction with the Lending Summit and Lending Awards, to bring innovation and excitement to a sector who richly deserve it.”
Prosser, managing director of FSE Media, said: “I’m proud to have launched and developed FSE over the past seven years but now is the time to take it to the next level. The Shard Media Group directors have the perfect blend of mortgage and financial services market knowledge combined with media, conference and exhibition pedigree as well as business expertise to help take this brand, alongside Credit Strategy, to that place.
“Our customers deserve it and personally I can’t wait to work with Luke again to bring genuine innovation and excitement to this richly deserving industry.”
Robert Sinclair, chief executive of the Association of Mortgage Intermediaries, said: “I’ve known Luke and James for many years and can immediately recognise the perfect blend they and their existing media brands provide, for the benefit of UK mortgage distributors, brokers and lenders alike. This innovation is welcome in the media serving the mortgage market, and I look forward to working with Luke and James as they develop their offerings for the good of all.”
Nick Miller, chairman of Shard Media Group, said: “This is the first acquisition for SMG and while it has completed at a time of caution due to Covid-19, we have tracked FSE and James for over three years. FSE and Credit Strategy are stronger together and we look forward to building a base for further growth of the group both organically and by acquisition. We’re especially pleased that James retains significant equity in FSE Media as we look to develop and grow together.”
To coincide with the acquisition of FSE, a bi-weekly Mortgage Newsletter is being launched. Sign up here.