Maven Announce Senior Appointment
Maven are pleased to announce the appointment of Ramsay Duff and the acquisition of the business of HM Corporate Solutions (HMCS). Ramsay is joining to help increase Maven’s range of structured alternative investment products, with a particular focus on projects involving Business Premises Renovation Allowance (BPRA).
Ramsay is a Chartered Accountant with a long track record in the Scottish corporate advisory market. He was a Partner at HMCS, the boutique corporate finance business which he ran in partnership with the commercial law firm Harper Macleod LLP. At HMCS, Ramsay built up a strong reputation in structuring and raising investment funds, principally targeted at high net worth private investors.
With Maven, Ramsay’s skills and experience will complement the existing fund management infrastructure in developing additional investment products with an emphasis on tax efficient schemes.
Bill Nixon, Managing Partner of Maven Capital Partners said: “We are continually looking to develop and extend our offering for high net worth investors and wealth managers, including our VCT portfolio and the Investor Partner business which has seen rapid growth over recent years.”
“We are very familiar with Ramsay’s work and strong reputation in this field and are very pleased by this addition to our team. It is with pleasure that we welcome him to Maven, and we are confident that he will significantly enhance this part of our business.”
Ramsay Duff said: “I am delighted to be joining Maven, particularly having known several of the key executives for many years. I have enjoyed a very good relationship with Harper Macleod and thank the Chairman, Chief Executive, Partners and staff for their support over the years. However the market in which I operate has seen significant change and I believe Maven offers a logical fit for the business I am involved in.”
“Maven has a strong market presence, an experienced team and an extensive distribution network, all of which I am confident will allow me to continue to develop a range of complementary products as part of an established investment brand.”
“The investment marketplace is undoubtedly challenging, but there remains a healthy appetite, both in Scotland and the South, for attractive, well-structured alternative investments, particularly where specific benefits such as tax efficiencies can be offered.”
Martin Darroch, Chief Executive of Harper Macleod said: “We have enjoyed a long and mutually beneficial relationship with Ramsay as his partner in HMCS. HMCS has raised and/or advised on deals worth around £100 million, helping to start and develop a number of businesses and create value for investors. Harper Macleod continues on a double digit growth pattern even in these difficult times and we need to focus all of our attention on our core legal business."
"We recognise too that for Ramsay’s expanding business this support and further encouragement for growth lies with Maven and that for Ramsay, current and future clients it is best that we dispose of our interest in HMCS. We wish Ramsay and Maven well in their new relationship furthering the breadth and reach of HMCS’s corporate finance business. We look forward to working with them in the future.”