Matthew Mead is stepping down from his position as chief investment officer at Mercia Technologies to pursue a portfolio advisory career, with Julian Viggars taking over the CIO role.
Matthew Mead (pictured), chief investment officer (CIO) at UK-based investment firm Mercia Technologies, announced on Tuesday that he is leaving his position to focus on a portfolio advisory career.
Mead will retain a part-time position as venture partner with Mercia following a transition period, during which he will ensure a smooth handover to his successor, Julian Viggars.
Mercia appointed Mead as CIO in 2015, when he joined from Welsh government-owned financial institution Development Bank of Wales – then known as Finance Wales – where he had been a strategic advisor.
Viggars has been promoted from head of technology investments and has joined the board of directors effective immediately. He moved to Mercia in 2016, following the acquisition of VC firm Enterprise Ventures where Viggars had worked since 2004.
Viggars is the fund manager for the Northern Powerhouse Investment Fund, the RisingStars Growth Funds and the Finance Yorkshire Seedcorn Fund.
Mark Payton, chief executive of Mercia Technologies, said: “I would like to thank Matt for his work during the last three years.
“Working with Julian, he has provided valuable leadership in combining both Mercia’s existing and Enterprise Ventures’ investment teams, as well as offering important insight across all four of our technology sectors, including leading Mercia’s recent successful exit from Science Warehouse.
“We look forward to continuing to work with him in his future advisory role as a venture partner.
“We are pleased to welcome Julian Viggars onto Mercia’s board as chief investment officer and believe that his significant technology investment experience and successful exit track record will undoubtedly benefit the group as it enters its next phase of value creation and realisations.”
– Image courtesy of Mercia Technologies
