Gervais Williams joins MAM Funds as group looks to raise £20m

Williams, formerly the head of UK small companies at Gartmore, joins as managing director, while Graham Hooper become distribution director and Ian Dighé becomes executive chairman. The AIM-listed firm is planning to raise up to £20m in new equity at 33p per share, and intends to repay its existing preference shares and outstanding debt. Of the total amount of £20m, the new management team expects to invest £3m of their own money. The proposals are subject to approval. Williams spent five years with Throgmorton Investment Management (later part of the Framlington Group), and 17 yea...