Mike Baker appointed Group Managing Director of Industrial Thought

Industrial Thought has announced Mike Baker as the new Group Managing Director.

Industrial Thought is a company that specialises in investment taxation, financial data, and related consultancy services. Among its subsidiaries is Financial Software, known for producing CGiX, a leading capital gains calculator in the UK market.

Mike Baker joins Industrial Thought with nearly 30 years of experience in the wealth management and technology sectors. Over the past year, he has worked with Industrial Thought in a consultancy role, aiding in the development of strategy and business positioning. Prior to this, he held the role of Managing Director at FinoComp, a financial software company.

Upon his appointment, Mike Baker stated: "It has been a pleasure working with Industrial Thought's Chairman David Pirrie and his team over recent months. Now I look forward to helping the team execute the plans we have developed as we expand our capabilities and maximise our impact with the quality, breadth, and detail of our securities taxation and corporate event data and well-supported technology products."

David Pirrie, Chairman of Industrial Thought, praised Baker's contribution, saying: "Mike's input has been invaluable during our latest stage of growth. His excellent industry reputation has been built on a long track record of proven success, which has been borne out during his time with us. Undoubtedly, he will add significant value leading the opportunities we are pursuing with new products, services, and related markets within the wealth management sector."

Under Baker's leadership, Industrial Thought aims to enhance its services within the securities taxation and corporate event data sectors. There is a focus on utilising technology products to benefit the wealth management industry.

Industrial Thought is committed to the integration of expertise and technology within its ecosystem. Its collaborative efforts have facilitated several partnerships instrumental in developing products and services aimed at the wealth industry.