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Seneca’s £130 Million Target After New Appointment

Seneca’s £130 Million Target After New Appointment

Seneca Partners is delighted to announce the appointment of Chris Hood, who joins the North-West based investment firm as their new Sales Director to help promote their tax-advantaged services. Chris will be responsible for Seneca’s relationships with wealth managers, IFAs and other intermediaries.

Seneca utilises capital from high net worth investors to support ambitious SMEs. This year should see Seneca reach a big milestone and exceed £130 million in tax-advantaged investments. Seneca back management teams running growing and scalable businesses by providing them with the assistance they need to achieve their goals, supplying both capital and strategic support throughout the investment term.

Chris said, “I’m very pleased to have joined Seneca. We recently announced our intentions to invest £15 million this year into well-managed SMEs who have aspirations to accelerate their growth. This is an excellent opportunity for me to work with a highly regarded management team, in a dynamic business with a quality service offering. This is a perfect time to be joining Seneca as it continues to grow and support UK businesses via its various funds and services. Our target is to invest a further £15 million of growth capital but my aim is to provide the foundations to allow the investment team to exceed those expectations.”

Chris began his career in Financial Services in 1986 with Norwich Union where he worked for ten years as a Business Development Manager across the North West of England. After two years of working as an Independent Financial Adviser he embarked on an eighteen-year career with Clerical Medical/ Scottish Widows where he led many successful teams in his role as Regional Sales Manager.

In 2012 Chris joined London & Capital as a Business Development Manager where he represented the Discretionary Fund Manager in the North West. He joins Seneca from LV=, where he led their North Regional Sales Team for the last five years. Chris holds the Regulated Diploma in Financial Planning from the Chartered Insurance Institute.

Richard Manley, CEO of Seneca Partners commented, “Chris’s appointment couldn’t be more timely and we’re delighted to welcome him to the team. We’ve entered an exciting phase for our Growth Capital Team and we’re starting to see significant traction with our VCT which we launched 18 months ago. We have a great pipeline of SME investment opportunities currently and we are excited about the prospects of continuing to expand our funds under management and add to our existing investment portfolio. During 2020 I expect Seneca to move beyond £130 million of tax-advantaged investment made to date and that’s a big achievement for us.”

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