London-based Mulvaney Capital has hired David Wright as chief operating officer, the company announced this week.
Wright will be responsible for managing all non-investment areas of MCM, with a major focus on the development and maintenance of a robust infrastructure, the company said. He will also play a key role in strategic planning and growth management.
Wright trained as a chartered accountant at Ernst & Young and has spent the last 15 years in the venture capital industry, working for organizations including HSBC Investment Bank and Bank of Scotland. As a former venture fund manager, David has the appropriate blend of technical and strategic skills to carry out his role, the company said.
Assets under management at MCM have grown to around $54 million by the beginning of May; net returns to end Q1 2004 were 23.30% year on year, the company said.