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

MAM Funds, the recently rebranded Midas Capital and Miton Asset Management, is looking to raise £20m in extra capital, and is strengthening its management team with the hire of Gervais Williams.

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 and 17 years with Gartmore where, as head of UK s...