MERSEYSIDE Special Investment Fund (MSIF) has appointed a new chairman to its board.
Andy Rigby, who was previously a non-executive director of Alliance Fund Managers, MSIF’s in-house fund management company, will take over from Professor Michael Hulme.
Mr Rigby was a founder member of the Manchester office transaction team of NatWest Ventures which has been one of the most active venture capital houses in the North West.
Professor Hulme had originally intended to step down as chairman in 2008 following the successful investment of all MSIF’s funds, but stayed on to assist with the formation of the £5m MSIF Legacy Fund.
Mr Rigby said: “The main objective for me is to ensure that, once the Legacy Fund is launched, it is invested wisely to ensure money keeps coming back.”
