Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Brian Mayo-Smith joins NZ Venture Investment Fund

22 February 2006

Brian Mayo-Smith joins New Zealand Venture Investment Fund (NZVIF) Board

The New Zealand Venture Investment Fund (NZVIF) is pleased to announce the appointment by the Hon Trevor Mallard, Minister for Economic Development, of Auckland based company director Brian Mayo-Smith to the NZVIF Board of Directors.

Brian Mayo-Smith is a Chartered Accountant and Partner at BDO Spicers, who are one of the top Chartered Accounting and Business Advisory firms in New Zealand.

Mr Mayo-Smith is also a Director of a number of private companies, particularly in the Information Technology arena.

NZVIF Chairman John Grant said “the Board is very pleased to have attracted a Director with such a strong understanding of the issues facing the venture capital industry in New Zealand today.

Brian’s knowledge of New Zealand capital markets, his experience of investing in early stage technology businesses and his experience of investing in venture capital funds makes him ideally suited to join our Board” John Grant commented.

John Grant added “Brian also has extensive experience and expertise in corporate governance and due diligence, and he has worked professionally across a diverse range of businesses in New Zealand and overseas.”

In 2005, the $40 million Seed Co-Investment Fund was added to the NZVIF responsibilities, increasing the scope of its operations. The Government fund provides seed funding for co-investment with selected private investors and complements the existing $100 million VIF Venture Capital program, also a Government fund.

John Grant said “the Ministerial appointment was made following a selective search conducted by Government to find the right person to work with us on the Board’s enlarged role in fostering a vibrant venture capital market in this country.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news