Edinburgh-based investment firm Frontier IP, a specialist in commercialising intellectual property, announced that Jim Fish intends to step down as chief financial officer (CFO) after 10 years of service.

Fish will take up a new position within the group as portfolio finance director in which he will continue to support portfolio companies and will report into group CEO Neil Crabb.

“Jim, age 66, will remain as CFO and as a director of the group through his six month notice period which will end no later than 31 May 2024,” said Frontier IP.

“Jim will remain focused on running the group’s finance function and continue to support the group during his six month notice period.

“Jim will also work to ensure the effective transition of his responsibilities to his successor with the intention that there will be an orderly handover period of three months.

“Following the appointment of a new group CFO and the completion of the necessary handover period, Jim will take up a new position within the group as portfolio finance director where he will continue to support the portfolio companies and will report into the group CEO.

“This change is in line with the group’s succession planning and the search for a new group CFO has been initiated.

“A further announcement will be made in due course.”

Frontier IP CEO Neil Crabb said: “Jim has played a central role in helping us build Frontier IP over the last decade, during which we have experienced significant evolution and growth.

“I am delighted that despite stepping back from his board role he will continue to work with our portfolio companies as they too grow.”

Fish said: “It has been a privilege to have served as Frontier IP’s CFO over the past 10 years and I am very proud of my contribution to the company’s progress over that time.

“I look forward to my new role working with some of the exciting companies in Frontier’s portfolio.”