Deep tech and life science investor Cambridge Innovation Capital has appointed enterprise mogul Sir Nigel Wilson as its chair.
Wilson ran FTSE 100 monetary companies group Authorized & Normal for over a decade as chief govt and at the moment serves because the chairman of the property big Canary Wharf Group.
The 68-year-old will change outgoing Cambridge Innovation Capital chair Edward Benthall, who will step down later this month. Benthall retires after 12 years within the position.
“With sturdy sector experience and a central place in Cambridge, one of many world’s strongest science and expertise ecosystems, CIC has constructed a wonderful repute and a confirmed monitor document of investing in main expertise firms,” Wilson mentioned.
I sit up for working with the crew and its wider community of traders, co-investors, strategic companions and entrepreneurs, to help the following technology of worldwide impactful companies rising from Cambridge and past.”
Wilson mentioned the alternatives for the investor might be even better because of the Oxford-Cambridge Arc venture, a plan to develop a sophisticated financial cluster between the high-performing cities.
“Sir Nigel has demonstrated his imaginative and prescient and management over a few years on the high of a few of Britain’s most profitable firms,” mentioned Andrew Williamson, managing associate at Cambridge Innovation Capital.
“With a globally recognised background within the monetary sector, in addition to working with successive governments in advisory and management roles, he’ll information CIC throughout an thrilling time for British expertise and life sciences firms.”
The Pragmatic Semiconductor and Riverlane investor has additionally appointed Panos Kakoullis, former finance chief of Rolls Royce Holdings as a non-executive director.
With £600m of belongings beneath administration, Cambridge Innovation Capital is without doubt one of the most energetic backers of UK spinout tech corporations. Itself spun out from the College of Cambridge, the group is the popular investor of the establishment, which is the UK’s most prolific generator of spinout corporations.
Learn extra: CIC commits £100m to again native college spinouts
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