Housebuilder and developer Mactaggart & Mickel has promoted group financial director Paul McAnich to the new role of chair of the company’s investments arm with a responsibility for managing £80 million worth of assets.
To date the investment fund has provided growth capital for more than 50 companies wishing to grow.
It welcomes applications from a wide spectrum of businesses from outside the construction sector, and which offer opportunities for strong growth.
Technology companies are a particular focus. McAninch is a non-executive director of Glasgow-based iOPT, which raised £600,000 growth capital earlier this year, in a deal where Mactaggart & Mickel is lead investor.
He also sits on the advisory committee of the YFM Equity Partners 2016 Fund, in which Mactaggart & Mickel also has an investment.
Paul McAninch said: “This appointment will enable me to bring my financial and investment experience to bear on the non-housebuilding areas of the company, ensuring that we grow the profile of this business and ensure our business strategies support the group’s future growth plans.”
Group CEO of Mactaggart & Mickel Ed Monaghan said: “Paul’s expertise has been instrumental to the success of our ongoing diversification programme, and the time is right for him to take a lead role as we continue to expand our business operations across the UK and internationally.”
McAninch will also oversee a further three business areas: commercial property, international investments, and the private rental sector portfolio.
He will retain his group FD role. He joined Mactaggart & Mickel in 2003 and has held a number of financial and management positions during his career.
