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NORTHWEST RECRUITMENT NEWS

Thursday October 17 2019

New era for MSIF as it turns 25 and reveals new CEO




New era for MSIF as it turns 25 and reveals new CEO

 

MSIF, the Liverpool-based SME fund which this week celebrates 25 years in business, has announced plans to merge the team of investment company SPARK Impact Limited with that of its regulated fund management subsidiary Alliance Fund Managers (AFM).

 

The agreement will see SPARK Impact Director Mark Borzomato appointed as Chief Executive of AFM and an experienced equity investment team of Marc d’Abbadie, Jerry Mobbs and Lynsey Barnes join the existing AFM business.

 

Mr Borzomato, who has over 24 years’ corporate advisory and investment experience and who has worked for MSIF twice before, said: “I am delighted to be back and incredibly excited to be leading this fantastic organisation into a new era.

 

“The dedicated and hard-working team at MSIF should be proud of its track record of having supported over 2,250 business and providing over £190m of funding in the last 25 years, it’s a great achievement.

 

“I am looking forward to working with colleagues old and new to carry on this vital work at a time of unprecedented uncertainty but also tremendous opportunity for small businesses.”

 

MSIF will be celebrating its 25th birthday at a gala dinner for more than 400 guests at the Titanic Hotel on 17th of October, where Mr Borzomato will be formally introduced by the Chairman of MSIF, John O’Brien.

 

Mr Borzomato added: “I believe the combined MSIF and SPARK team has an integral role to play as a driving force in supporting SMEs, the professional community and the wider economy of both the Liverpool City Region and beyond. I can’t wait to get cracking.”

John Walker, who spent more than 20 years in senior roles at Equistone - one of Europe’s leading private equity firms - will become Chairman of AFM reporting to the MSIF board.  Kanesh Khilosia, CEO at Armstrong Craven, the private equity-backed North West-based people intelligence consultancy, has also joined AFM’s board as a non-executive director.

 

John O’Brien, Chairman of MSIF, which provides advice and funding in the form of loans or equity investments, from £500 to £2m to SMEs across the North West and North Wales said: “We are proud of what we have achieved as a team over the last 25 years and are looking to the future with confidence, with a strengthened board and in Mark a focused and passionate leader determined to bring impetus and ideas to grow the business over the next 25 years.”

 



"I am delighted to be back and incredibly excited to be leading this fantastic organisation into a new era."
Mark Borzomato, Chief Executive of AFM








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