Babylon appoints stock exchange veteran as new board member ahead of IPO


PALO ALTO, California and LONDON, September 28, 2021 / PRNewswire / – Babylon today announced the appointment of a veteran of the US exchange David Warren, who will join Babylon’s board of directors and chair the audit committee when the company goes public later this year.

David will bring more than two decades of public company experience in the US and UK to Babylon’s board of directors as the company goes through its final stages of being listed on the New York Stock Exchange. In addition to being CFO during his eight years at LSEG, he also served as LSEG’s Interim Managing Director from 2018 to 2019. David had previously spent over 10 years working at Nasdaq, from First as CFO from 2001 to 2009, before becoming Senior Advisor to the CEO of Nasdaq from 2011 to 2012.

“It’s wonderful to welcome David to our board and to see him support our transition to an open society,” said Babylon CEO and President Dr. Ali parsa. “David will bring extensive public market experience to Babylon as we focus on our long-term goal of becoming not only one of the most valuable and influential companies in the healthcare industry, but also one of the best-run companies in the industry. ”

“I am delighted to join the Babylon Board of Directors and look forward to working with Ali, his management team and the entire board at this critical time in Babylon’s history.” David Warren noted. “There has been an influx of innovation and evolution in the healthcare industry, shattering some of the old status quo, and I am delighted to bring my experience and expertise to help the company transform the global market. of health. “

Throughout his career, David has overseen a number of significant strategic acquisitions and investments, most notably at LSEG where he participated in their recent $ 27 billion the purchase of data infrastructure and financial markets group Refinitiv; and NASDAQ, including the combination with OMX and the acquisitions of the Philadelphia Stock Exchange and the Boston Stock Exchange.

Early in his career, David worked at the Long Island Power Authority (LIPA) as Chief Financial Officer, and previously served as Assistant Treasurer for the State of Connecticut. He began his career in investment banking during the CS First Boston era.

David’s appointment follows several other recent new hires who have joined Babylon to support its rapid expansion and expansion of the company’s digital health services globally as it prepares to grow into a business. public. At June 3, 2021, Babylon has entered into a definitive merger agreement with Alkuri Global Acquisition Corp. (NASDAQ: KURI), a specialist acquisition company. Upon closing of the definitive merger agreement with Alkuri Global Acquisition Corp., which is expected in October 2021, subject to receipt of Alkuri shareholder approval and satisfaction of other customary closing conditions, the new company will become Babylon Holdings Limited and will be listed on the New York Stock Exchange under the symbol BBLN.

Notes to editor

David Warren, member of the board of directors of Babylon and chairman of the audit committee:

David Warren is an exchange and banking executive who previously served as Chief Financial Officer of the London Stock Exchange (LSEG) since 2012. In November 2017, Warren was also appointed Interim CEO of LSEG. Warren previously served as CFO at Nasdaq OMX from 2001 to 2009. He joined Nasdaq in January 2001 as head of administration before the role was extended to that of chief financial officer. He resigned from this post in july 2009. He then spent two years as a senior advisor to the CEO of Nasdaq OMX.

Warren joined the Nasdaq from the Long Island Power Authority (LIPA), where he was CFO. Prior to his appointment to LIPA, he was Deputy Treasurer of the State of Connecticut. Previously, he was Vice President of CS First Boston, where he specialized in financing infrastructure, economic development and transportation projects for state and local governments.

About Babylon

Babylon is a leading, value-based, digital healthcare company with a mission to make high-quality healthcare accessible and affordable for everyone on Earth.

Babylon is reorganizing healthcare, shifting the focus from healthcare to preventive healthcare so that patients enjoy better health and lower costs. This is achieved by leveraging a highly scalable digital platform combined with high quality virtual clinical operations to deliver integrated and personalized healthcare. We strive to meet the health needs of patients, from their devices, with the goal of promoting longer, healthier lives. In the event of illness, Babylon provides assistance in navigating the healthcare system, digitally connecting patients to the right clinician 24/7 at no additional cost.

Founded in 2013, we have since provided millions of clinical visits and AI interactions, with approximately 2 million clinical visits and c.3.9m Interactions with AI in 2020 alone. We work with governments, healthcare providers and insurers around the world, and support healthcare facilities, from small local practices to large hospitals. For more information, please visit www.babylonhealth.com/us

SOURCE Babylon

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