New investment role
McAninch takes up new role as head of Mactaggart & Mickel fund
Housebuilder and developer Mactaggart & Mickel has promoted group financial director Paul McAninch to the new role of chairman of the company’s investments arm, with responsibility for about £80m of assets.
To date the investment fund has provided growth capital for more than 50 companies wishing to scale up.
Mr McAninch is a non-executive director of Glasgow-based iOPT which raised £600,000 growth capital earlier this year, in a deal in which Mactaggart & Mickel is lead investor.
He also sits on the advisory committee of the YFM Equity Partners 2016 Fund, to which Mactaggart & Mickel has also invested.
McAninch will also oversee a further three business areas: commercial property, international investments, and the private rental sector portfolio. He will retain his Group FD role. He joined Mactaggart & Mickel in 2003 and has held a number of financial and management positions during his career.