The Financial Times yesterday named The International Stock Exchange (TISE) among its Reinvention Champions for 2024.

TISE was named the winner in the Banking and Finance category, recognising its specialism in listing international bonds and its pivot to deliver an innovative offering for the private markets.

Cees Vermaas, CEO of TISE, said: “We are absolutely delighted to receive this accolade as an FT Reinvention Champion. Being nominated by FT readers and journalists was hugely rewarding but to be selected by the judges alongside other major companies as a category winner is a huge endorsement of our strategy. They recognise our position as a major European bond market but that we’ve launched an innovative offering to capitalise on the opportunities for servicing the growing private markets.”

In the previous three years, the FT had hosted a Tech Champions series, but this year the scope was widened to recognise a broader range of activities. FT readers and journalists were invited to nominate companies that had reinvented themselves in some way, whether a shift in corporate strategy, an innovative new product or service, a move to a new market or a whole new business model.

A panel of judges then studied the companies nominated and selected the best examples from eight different sectors, naming them Reinvention Champions 2024. As the winner of the Banking and Finance category, TISE features within the Reinvention Champions video and is also the subject of a Reinvention Champions profile written by the FT’s Deputy Markets News Editor, Laurence Fletcher.

“We are absolutely delighted to receive this accolade as an FT Reinvention Champion."

The TISE website hosts a summary of the article which notes that TISE has for many years specialised in providing a cost-effective and efficient listing venue for corporate debt before last year launching TISE Private Markets.

The offering seeks to capitalise on a global drought in initial public offerings as companies to stay private for longer. As well as reflecting a diversification strategy for TISE, the service is also innovative in allowing companies to run auctions in their own shares, without the need for a broker, and maintain control over who can and cannot buy its shares.

The first client for TISE Private Markets was garden centre group Blue Diamond Limited and now there is a strong pipeline of other prospective clients.

Other companies named alongside TISE as Reinvention Champions include Energy category winners Cepsa, Spain’s largest energy company with €25bn annual revenues, and Syensqo, a €8bn multinational materials company listed on Euronext Brussels, which was named winner of the Industry and Manufacturing category.