Belfast Telegraph

Lough Shore Investments making waves with stock market scheme

By Clare Weir

A Northern Ireland entrepreneur has unveiled ambitious plans to float 10 companies on the stock market by 2025.

Danny Moore, a former chief operating officer at NYSE Technologies, said he hopes to bring "significant foreign investment" to Northern Ireland from America through his new investment vehicle.

Lough Shore Investments plans to join up with established and promising next-generation start-up companies, mainly based in Northern Ireland.

Mr Moore said that he has received lots of interest from American companies since Lough Shore was launched. "There is no doubt that lasting, effective economic growth in Northern Ireland will come as a result of private-sector investment and development," he said.

"Lough Shore Investments will help drive this growth through smart, strategic investment in management teams who have the passion and ability to build world-class businesses right here in Northern Ireland."

Mr Moore said that the first technological start up began operations in October 2010 and the full-time team member was hired at the start of November.

His aim of bringing American investment to Northern Ireland is also that of US economic envoy Declan Kelly, whose tenure has coincided with investment by US firms Terex, NYSE Euronext and Citi.

Mr Moore is also a former chief executive of Wombat, which he sold to NYSE Euronext in early 2008 for $200m (£126m). Before joining Wombat in 2004, he worked with First Derivatives - along with Andor, one of only two Northern Ireland firms listed on the AIM stock exchange.