LONDON (April 2, 2020) – Lance Uggla, CEO and Chairman of IHS Markit, today announced the launch of the Uggla Family Foundation, through the UBS UK donor-advised foundation, a UK registered charity, with an initial gift of $24 million of his personal IHS Markit shares.
The Foundation will focus on three main areas: education, health and access to the arts. One of the first targeted programs will be scholarships for talented individuals who do not otherwise have the financial means to attend higher education. Over time, Mr. Uggla intends to contribute further into the foundation.
“I had tremendous opportunities throughout my life, enabling me to follow my passion and, with some amazing colleagues, build IHS Markit,” said Lance Uggla. “In these challenging economic times, I want to give back to society and have established this foundation to support causes I care deeply about, including improving education for those who cannot afford it, improving the health of our community and ensuring accessible arts for all. I look forward to working closely with the organizations the foundation supports to help people overcome barriers, transform their lives and pursue their dreams.”
Lance Uggla, Chairman of the Board and Chief Executive Officer, IHS Markit
Lance Uggla is Chairman and CEO of IHS Markit, responsible for leading the strategic direction and operational results of the company. He founded Markit in 2003 having identified opportunities to create greater transparency and data accuracy in illiquid financial markets, initially focusing on derivatives. He grew the company both organically and through acquisition, taking Markit public in 2014. In 2016 he jointly led the merger of equals between IHS and Markit, becoming Chairman and CEO in January 2018. Lance earned his BBA at Simon Fraser University and his MSc at the London School of Economics. He was previously Head of Global Markets at CIBC and latterly Head of Europe and Asia and Cohead Credit Trading at TD Securities. He was the UK EY Entrepreneur of the Year in 2012 and won the Outstanding Alumni Award, 2014 at Simon Fraser. He serves on the Board of Directors of MasterCard and is a Trustee and Honorary Member of Tate Foundation.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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