NWDC adds to team

Andy Spencer has joined the London office of NatWest Development Capital (NWDC) as investment director. He will be working with Chris Gammon, NWDC director, who established the London office three years ago.

Prior to joining NWDC, Spencer was director of private equity for Ernst and Young based in Reading. Prior to this, he worked in both the London and Southampton offices of E&Y and spent two years seconded to NatWest Acquisition Finance.

The expansion of NWDC’s London office forms part of the overall development of The Royal Bank of Scotland’s private equity group which includes Royal Bank Private Equity, the recently launched Royal Bank Ventures and the Asset Management Structured Unit.