Edmund Truell, chief executive of Duke Street Capital, has taken over a chairman of the British Venture Capital Association (BVCA) from his predecessor David Thorp, managing director of Friends Ivory & Sime Private Equity plc. Prior to taking the chair of the BVCA Truell chaired its investor relations committee.
Truell has nearly 20 years experience within the European private equity industry. In 1998 he led the management buyout of Hambros European Ventures, from Hambros plc, which subsequently became Duke Street Capital. It now has over E1 billion under management and focuses on LBOs of mid-market pan-European companies withmarket leading positions and an enterprise value in excess of E30 million.
Following his appointment, Edmund Truell, said: “The BVCA has an important role to play in increasing the development of private equity and venture capital as an asset class both here and in Europe. To that end our aim remains to work with our members, investors, and other interested parties to increase transparency, accountability and understanding of our asset class.”
In addition Michael Queen, finance director at 3i plc, was appointed vice chairman of the BVCA and is also chairman of the investor relations Committee.
BVCA Council members include: David Thorp as BVCA past chairman; Margaret Chamberlain, chairman of the regulatory committee; Anne Glover, chairwoman of the high tech committee; Jonathan Diggines, chairman of the legal & technical committee; Richard Green chairman of the training & professional development committee, Vince O’Brien, chairman of the taxation committee; Michael Joseph, chairman of the regional committee and Ian Armitage.
James Nelson, past BVCA chairman and Jonathan Clarke resigned from the Council.