Magazine article Management Today

Britain's Top 100 Entrepreneurs 2014: Migrant Millionaires

Magazine article Management Today

Britain's Top 100 Entrepreneurs 2014: Migrant Millionaires

Article excerpt

Here are six self-made job-creators, but, born abroad as they were, would UKIP let them in?

17= Alex Pusco, Activtrades

A former personal broker for high-net-worth individuals, Swiss-born entrepreneur Alex Pusco used the internet to expand his client base, establishing one of the first European online trading platforms in 2001 He moved the sales hub of ActivTrades to the City in 2005 before diversifying into his current mainstays of forex and spread betting ActivTrades also offers services to institutions needing support for their portfolio managers and to independent brokers, as well as technology allowing punters to trade via their smartphones. Pusco is reportedly looking at setting up a South American operation. In 2013 ActivTrades made a pounds 9.3m profit on pounds 22m sales.

21 Lance Uggla, Markit

Canadian bond trader Lance Uggla first came to London to study at the LSE in 1986, but it wasn't until 2001 that he started up financial data provider Markit Group in a barn near his then home in leafy St Albans, Hertfordshire. About to turn 40, he was in the mood to go it alone and reckoned he had spotted a gap in the market for a service that provided banks with vital data about the volume and prices of their trades with each other. It worked and he now employs some 800 staff in his London HQ alone, and has 22 offices around the world. Markit floated on Wall Street in June valued at around dollars 4.3bn, but Uggla remains committed to the UK capital. His fashion-student daughter, Riley, has featured on reality TV show Made in Chelsea.

34= Ayman Asfari, Petrofac

Ayman Asfari runs oil services group Petrofac, a FTSE 100 business that manages oil rigs from Aberdeen, via the UAE, to India, as well as designing drilling and refinery equipment. The son of a diplomat, Syrian-born Asfari made his first fortune building roads for oil exploration outfits in Oman. By the age of 28 he had getting on for dollars 3m in his pocket and decided to go it alone, buying into Petrofac - then a small US outfit devoid of global ambitions - with his partner, Maroun Semaan. Now based in London, he led the pounds 742m flotation of Petrofac in 2005. The business is worth pounds 3.5bn, with net profits of dollars 650m on revenues of dollars 6.3bn in 2013.

38= Subaskaran Allirajah, Lycatel/Lycamobile

London-based Sri Lankan refugee Subaskaran Allirajah founded Lycatel in 2004, selling prepaid cards for discount phone calls. …

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