Chuka Umunna will be joining the board of leading UK software company, Advanced, from 1 June 2020, having joined Artificial Intelligence company, Signal AI, as an advisor, and the board of fintech firm, Digital Identity Net earlier this year.
He is working with the leaderships of all three companies to help build value in the long term for investors and shareholders, in addition to delivering for other stakeholders, including employees, customers, suppliers, and society as whole.
Umunna, a solicitor, is a former corporate employment lawyer who previously worked for serval years at City law firm Herbert Smith Freehills LLP advising companies on contentious, transactional (M&A etc) and advisory matters including employment litigation, industrial relations, remuneration and incentives, and workplace health and safety.
From 2010-2019 he served in the UK House of Commons, including as Shadow Business Secretary for several years and in other senior posts leading on economic, business, trade and foreign policy issues on the Opposition benches. During this time in Parliament he co-founded Small Business Saturday in the UK and helped lead the successful campaign against the hostile takeover of AstraZeneca by Pfizer.
He has been a leading advocate of the stakeholder capitalism agenda, regularly giving major speeches to the CBI and other business groups on the topic, and a proponent of more diversity in the boardroom.
Umunna is also a contributor at Forbes, the business magazine, where he now writes about business and economic policy, and how environmental, social and governance factors (“ESG”) are impacting on companies.
Advanced is the UK’s third largest provider of business software and services with a £254m turnover, 19,000+ customers and 2,400+ employees. It provides enterprise and market-focused solutions that allow customers to reimagine what is possible, innovate in their sectors and improve the lives of millions of people in the UK. Advanced has received £2bn of investment in August 2019 from its shareholders, BC Partners and Vista Equity Partners, who re-invested to drive its growth – this was the largest enterprise value deal in the UK in the last decade.
About Digital Identity Net UK
Digital Identity Net UK isUK-based company that places individuals in control of the fluid ecosystem of their existing digital identities – providing consumers with a single gateway to the validated identity data held about them by their banks and other trusted custodians of transactional and behavioural data. This empowers the consumer to leverage their identity, decide who has access to it, and how they share it, to build a better quality of digital life.
About Signal AI
Signal AI’s Artificial Intelligence-powered solutions provide PR and communications professionals, compliance and risk experts, in-house and agency teams, and senior business leaders with the information they need to be in the know. Signal AI has raised over $49.5 million in investment from four funding rounds and has over 150 employees.
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