Board changes at Archangels



Ian Macleod

Ian Macleod, has joined the board of Archangels, the prominent business angel investment syndicate, succeeding Geoff Ball, who has retired after seven years.

Archangels’ members invest in, and mentor, promising start-up and early stage companies from Scotland’s vibrant technology and life sciences sectors.

Mr Macleod had a long career as a financial analyst, specialising in electronics and telecoms, initially with Capel Cure Myers and subsequently with decade long spells at NatWest Markets and Jefferies. During most of this period he was based in Paris and was recognised for several years as one of the leading European telecoms analysts.

Latterly, he has focused on smaller tech, cleantech and biotech companies, moving into fund management with 360 Asset Managers and, more recently, Accessible Clean Energy. Ian returned to Edinburgh in 2016 and currently works as an editor, studies art and pursues other business interests.

Geoff Ball was chief executive of Cala from 1974 until his retirement from the role in 2009, having led the management buyout and subsequent sale of the business.

Geoff Ball

He was also on the boards of Standard Life and the Scottish Mortgage Investment Trust and was Chairman of McCarthy & Stone. He joined the Archangels board in 2011.

Eric Young, Chairman of Archangels, said: “There is no doubt that Geoff’s counsel will be missed by the Archangels board and I would like to put on record our sincere thanks to him for his significant contribution to the organisation over the past seven years. In Ian, we have a worthy successor and I am confident that his experience and insight, specifically in the tech and energy sectors, will prove to be a great asset for Archangels.”