LDC announces senior promotions

Current head of new business Andy Grove has been promoted to a newly formed role of chief investment officer and will be responsible for the firm's overall investment activity, including supporting LDC's portfolio through the investment of follow-on funding. Since joining in 2008, Grove led investments in Forest Holidays and Joules, among others.

John Garner, LDC

John Garner, currently head of Yorkshire, the north-east and Scotland, will replace Grove as head of new business. He will focus on LDC's new business efforts nationally. Garner joins LDC's executive committee and investment committee. In addition to his current role, since joining LDC in 2006, he has held senior positions in the Nottingham and Manchester offices. He has led more than 30 investments, including the minority investment and subsequent listing of video games developer Team17.

Jonathan Bell has been promoted from head of the north-west to head of the north. Bell will remain on LDC's investment committee and in his new position he will oversee LDC's offices in Manchester, Leeds, Newcastle and Aberdeen, as well as its presence in Glasgow and Edinburgh.

Steve Aston has also been promoted to senior director and joins the firm's executive committee alongside his existing roles on its investment and valuation committees. Aston has previously worked on investments including AIM Aviation and MB Aerospace.

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