Ken Edwards, the well-known IFA sales head who retired from Baillie Gifford in 2011, has joined Enterprise Investment Scheme (EIS) provider Calculus Capital.
Edwards (pictured), who spent 12 years at Baillie Gifford, has joined Calculus as a non-executive director. In his new role, he will be promoting EIS investing among IFAs and wealth managers, as part of a move to make the investments more mainstream.
The hire is something of a coup for EIS. Edwards had spent more than 40 years in the financial services industry before his departure from Baillie Gifford last year, working at groups including roles at Hill Samuel and later at Barclays' unit trust business.
After leaving Baillie Gifford Edwards continued to work at smaller firms within the sector, including running K Search, the investment management arm of City head-hunters GAAPS.
Edwards said EIS investing was becoming more of a viable option for clients of IFAs and wealth managers.
"Calculus Capital is the leading light of the EIS sector and I believe many more IFAs and intermediaries are coming to realise the potential of investing in EIS funds for their clients, particularly when a relatively low-risk approach such as that of Calculus is adopted."
Calculus specialises in investing in expansions, management buy-out or buy-in, acquisitions, and pre-IPO finance.
As well as EIS schemes, Calculus has broadened out its remit, also launching a series of VCTs in conjunction with asset managers including Investec.
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