New chair at Melrose angel investor TRI Cap

Jamie Andrew

Melrose-based angel investment group Tweed Renaissance Investors (TRI Capital) appointed Jamie Andrew as its new chairman following the retirement of Rob Dick.

Andrew said: “TRI Cap has the capacity to support and help to develop early stage businesses throughout Scotland but principally in the Scottish Borders, Lothians and North East of England where levels of innovation and skill are also high.

“Through our strategic investment approach and wide ranging experience within the membership we are able to provide the support required to accelerate the growth of these businesses and to assist them to go to scale and become significant forces in their own markets.”

Andrew is an active business director and investor holding a number of non-executive director and chairman positions at technology-based companies.

The appointments panel for the role was made up of current TRI Capital directors Walter Riddell-Carre, Julian Livingston and Paul Yuskaitis and long-standing members Guy Lee and Martin Richards.

The panel considered Andrew “to have the skill set required to represent the best interests of TRI Cap’s investment members and to take the group’s strategic development forward.”

Riddell-Carre said: “We are confident that Jamie has the experience and skills to steer TRI Cap through the next stage of its development.

“Since TRI Cap’s establishment in 2004 we have seen the angel investment landscape evolve.

“Investments are typically over a longer period but supporting them to a successful exit is still the principal aim.

“Jamie’s experience in maximising shareholder value and moving companies towards exit will be invaluable.”

Andrew has lived in the Scottish Borders for more than 20 years.

He trained as a chemical engineer with a career in the mining, oil and gas refining and manufacturing sectors, starting his own company in 2001 to pursue his product development interests in small marine craft propulsion systems, the pumping of fluids and energy generation from sustainable resources.

One of his prototype propellers was bought by the British Science Museum as an example of innovation in maritime technology.