People: Private equity firm announces raft of promotions; Building Society boosts intermediary team; and more
NorthEdge Capital has announced the promotion of Ray Stenton as Joint Managing Partner as part of several key promotions at the firm.
Stenton has played the leading role for all of NorthEdge’s new investment activity, investing over £380m in 28 companies since the final close of NorthEdge Capital Fund I in March 2013.
He will work alongside Grant Berry in running the firm on a day-to-day basis.
In the New Business Team, Tom Rowley has been promoted to Head of Yorkshire and the North East. Rowley has played an important part in all new investment activity from the Leeds office and has been involved in 10 of the firm’s deals since he joined NorthEdge in 2013.
After three years with NorthEdge and nearly twenty years in the private equity industry, John Rastrick has decided to have a career break and leave the firm. John helped build the NorthEdge team across Yorkshire and the North East and has played a key role in building the portfolio across this region.
Grant Berry, Founder and Managing Partner, said: “The demands of a growing business and NorthEdge’s market position require us to continually prepare for the future and we are delighted to announce these key appointments which confirm our ambitions to be one of the largest private equity firms outside of the capital.”
Ray Stenton, Founder and Managing Partner, added: Over the past six years, NorthEdge has seen sustained growth in terms of fund raising, investment and realisations activity. During this period, we have worked with some exceptionally talented management teams and we have been able to attract some fantastic talent into our own team.
“I am really looking forward to working alongside Grant in continuing to drive NorthEdge forward and further consolidating our strong position in the market place.”
Law firm Schofield Sweeney now has three current Law Society Presidents as Manjit Virdee is appointed President of the Bradford Law Society.
Virdee joins Ashley Iredale (Partner, Private Client) who holds the position at the Huddersfield Law Society and David Cowgill (Associate, Commercial Property) who holds the position at the Leeds Law Society.
Virdee has worked at law firm Schofield Sweeney for over 12 years, specialising in Real Estate Banking and Secured Finance. Part of one of the largest commercial property teams in Yorkshire, Virdee advises a wide range of financial institutions, including HSBC and Santander, on transactions, acquisitions and complex negotiations.
Manjit Virdee, Commercial Property Partner, said “I am honored to take the position of president and represent the profession and our members and look forward to continuing the good work of past presidents and am thankful for the support they have shown me”.
Each President represents the interest of lawyers and law firms in their area and nurturing those entering the profession.
Leeds Building Society has strengthened its intermediary team with the appointment of a new Corporate Account Manager.
James Chutter has joined the Society to further enhance the service provided to broker networks.
He brings with him financial services experience after spending 15 years with NatWest, where most recently he worked closely with mortgage intermediaries as a Business Development Manager.
Speaking about his appointment, Chutter said: “Over the last two years I’ve heard very positive feedback from brokers about Leeds Building Society and the service its intermediary team provides.
“I’m looking forward to contributing to the continued success of the team and further enhancing the experience broker networks and clubs enjoy with Leeds Building Society.”
James O’Reilly, the Society’s Head of Corporate Accounts, added: “Our intermediary team plays a crucial role in the success of the Society and is continually evolving to meet the changing needs of brokers.
“James is an experienced operator and will bring valuable knowledge to the team, strengthening our service proposition and position in the wider market.”
Rotherham-based Harworth Group has announced that Chief Executive Owen Michaelson has been appointed as a Non-Executive Director of Covanta Holding Corporation, which is listed on the New York Stock Exchange.
Harworth Group is a regenerator of land and property for development and investment which owns, develops and manages a portfolio of approximately 21,500 acres of land on around 140 sites located throughout the Midlands and the North of England.
The Group specialises in the regeneration of former coalfield sites and other brownfield land into new residential developments and employment areas.