Ex-Vantis director takes board role at financial services business

FORMER VANTIS and RSM Tenon director Philip Marsden has joined financial services company Northern Investors, with the business also recruiting ICAEW board member Nigel Guy.

Marsden will become non-executive at Northern Investors. He spent five years at Arthur Andersen before moving to 3i where he worked for 22 years, latterly as a director. He then held senior roles in Vision Capital before moving to Vantis Corporate Finance where he was managing director.

Following the collapse of Vantis last year, Marsden joined RSM Tenon which acquired parts of Vantis.

He is joined by Nigel Guy who is recruited as chairman of Northern Investors.

Guy succeeds Peter Haigh who has retired from the board having joined in 1987 and been chairman since 2005.

As new chairman Guy will have to draw on his experience as non-executive chairman of FRP Advisory as well as his role as member of the corporate finance faculty of the ICAEW.

Borne out of the ashes of collapsed firm Vantis, FRP Advisory is largely made up of the dissolved firm's insolvency arm.

A statement from Northern Investors said: "The board would like to thank Mr Haigh for his outstanding dedication and significant contribution to the company over the last 24 years and wishes him well in the future."