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

  • October 17, 2019

NEWS RELEASE
 17 October 2019

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

  • Mark Borzomato to become Chief Executive of MSIF fund management subsidiary AFM
  • Experienced directors John Walker and Kanesh Khilosia join as Non-Executive Directors to strengthen AFM board

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.”

 

Ends

 

For further information please contact Chris Barry at Influential on 07733 103693

Notes for Editors

About MSIF

MSIF provides funding of up to £2million to SMEs across the Liverpool City Region, North West and North Wales.

Set up in 1994 to promote economic growth in the region by addressing the funding gap, MSIF has since invested funds totalling over £190million in over 2,250 businesses. This funding has created and preserved around 16,000 jobs and brought in more than £300million investment from the private sector on the back of its own investments.

 

About John Walker

Cheshire-based John currently acts as an active Non-Executive Chair for both NRG Group Services Limited and Marsden Building Society.  He is also a Non-Exec director for companies including; Worldwide Recruitment Solutions and Fruugo.com Limited.

About Kanesh Khilosia

Kanesh has a strong background in both strategic and financial roles and will support the AFM board with the development of the direction of the business. Previous involvements include CFO and CEO of private-equity backed DBG UK limited and FD of Capita Insurances Services.  He joined Armstrong Craven in 2016 initially as Chief Operating Officer, before becoming CEO in November 2018.