City Moves for 18 April 2019 – Who’s switching jobs at VGC Partners, TFoil and Lilium?

Today's City Moves includes VGC Partners, TFoil and Lilium.

VGC Partners

London-based growth capital investor VGC Partners has appointed Andrew Lister as investment and portfolio director as the firm looks to invest from its £50m Fund II in high-growth consumer, media and technology businesses.

Andrew joins from Marlin Equity Partners, where he spent over three years as a portfolio manager for European assets. Andrew worked alongside companies with revenues between £20m and £100m, mainly in the B2B technology space, and led post-closing initiatives to increase value ahead of eventual exits, acting as interim chief financial officer in some cases. Prior to this, Andrew worked for KPMG for 10 years in the turnaround and restructuring advisory division. In his role as associate director, he led and managed UK and international turnaround projects. As investment director, Andrew will provide investments diligence and seek out potential opportunities for VGC’s £50m Fund II. In addition to this, Andrew’s role will involve working alongside the portfolio’s management teams to drive operational performance and improvement, and help them achieve their objectives. The firm will be investing between £2m and £5m for minority stakes in high growth consumer, media and technology companies.

TFoil

Tomorrow’s Forum of Insurance Lawyers (TFoil) welcomes Alison McAteer, senior solicitor at Brodies LLP as their new president. TFoil was established by the Forum of Insurance Lawyers (Foil) in 2013 to encourage and enable lawyers with less than five years’ post qualification experience to engage with counterpart organisations in the insurance and loss adjusting sectors to develop career-long relationships and mutual understanding of the complexities of the industry in which they operate. Alison succeeds Kishan Mangat of DWF.

Lilium

Lilium, the Munich-based startup developing a revolutionary on-demand air taxi service, has announced that, following an extensive global search, Christopher Delbruck, currently chief financial officer at Uniper, will join Lilium as its first chief financial officer later this year. As finance chief at Uniper, Delbruck played an instrumental role in the listing of the company in 2016 as well as in the subsequent tripling of its share price. Prior to this he spent 14 years in various strategy, business development and top financial roles at Eon, as well as spending four years with the Boston Consulting Group. Lilium plans to manufacture and operate the Lilium Jet as part of a revolutionary on-demand air taxi service. Passengers will be able to use the Lilium app to locate their nearest landing pad and plan their journey with ease.