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
New North Partners
Graham McWilliam / Robert Fraser
e: graham.mcwilliam@newnorthpartners.com
e: robert.fraser@newnorthpartners.com
Buchanan (Financial PR)
Richard Oldworth / Chris Lane / Toto Berger
t: +44 (0)20 7466 5000
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