Graeme Hogg joins as partnership director with immediate effect
Asset management firm Sigma Capital has appointed Graeme Hogg to the board as partnership director with immediate effect.
Hogg is currently a director of Sigma Inpartnership Ltd, the group's urban regeneration business which he co-founded and which was acquired by Sigma in August 2011.
He is responsible for managing two of the group's three local authority partnerships, in Liverpool and Salford, having originally helped to establish and structure all three partnerships.
Edinburgh-based Sigma reported in April that 2011 had been a “transformational” year, in which revenues rose by 34 per cent to £2.47 million, largely from its 2011 acquisition of West Coast Capital's (WCC) stake in Inpartnership in a deal worth £347,000.
WCC, owned by Sir Tom Hunter, had previously acquired the 50 per cent stake in a multi-million pound deal backed by Bank of Scotland in 2007.
Under the terms of the all-share buyout by Sigma, WCC is entitled to a share of any future development profits made by Inpartnership from existing contracts.
Sigma said Inpartnership now has work started on development and regeneration projects worth around £3 billion.
Inpartnership, which has offices in Birmingham and Manchester, specialises in creating long-term asset-backed partnerships with the public sector.
The company has agreements in place ranging in length from 10 to 20 years, with Liverpool, Salford and Solihull Metropolitan Borough councils.
Inpartnership co-founder Hogg has more than 20 years' experience in the property sector, in project management, development and corporate finance roles.
He has held senior roles at Gotham Investment Group, a property investment fund backed by Nomura Asset Capital.
Hogg also previously worked for URS Corporation, a global engineering, design and construction company.
Graham Barnet, chief executive of Sigma, said: "I am delighted to welcome Graeme to the board as partnership director.
“Graeme has been instrumental in the establishment and successful development of the three local authority partnerships we hold and his appointment to the board recognises his significant contribution.
“I am confident that his expertise and skills will continue to assist the group in delivering the potential within Sigma Inpartnership and within the group as a whole.”