Archangels - Making The Future

The Board

Core Members

The Core members of Archangel Informal Investment Ltd are responsible for making the final decision as to whether or not to invest in a new opportunity. The core members comprise five Directors who must agree unanimously on any investment and, by doing so, are committing a minimum of £100,000 between them to the investment requirement. The Board meets regularly to review the performance and needs of the portfolio companies.

Gavin Gemmell

Gavin GemmellGavin Gemmell is Chairman of Archangels and investor director of three Archangel investments. He retired as joint senior partner of fund managers Baillie Gifford in 2001, after 37 years. Chairman of Scottish Widows and a Director of Lloyds TSB Group until October 2007. Chairman of Court Heriot-Watt University from 2002-2008 and awarded an honorary degree in 2009.


Mike Rutterford

Mike RutterfordMike Rutterford is a serial entrepreneur  with a 40 year  career as a Business Angel and in property investment. Educated in Edinburgh, in his 20s he launched Stuart Wyse Ogilvie and over a ten year period developed the estate agency into the biggest in Scotland subsequently selling to General Accident in 1987.

He co-founded Archangel Informal Investment Limited with business partner Barry Sealey in 1992. The syndicate is now 20 years old, involved in 100 start up businesses, investing £100m. He is still a board member of Archangels and ex-board member of the Entrepreneurial Exchange. He has a number of investments in property and land deals in the UK and abroad. He is an avid sailor and is a proud father and doting grandfather of 5.


Eric Young

Eric YoungEric Young, based in Edinburgh, has made several investments in start-up companies in recent years. He is a Chartered Surveyor active in the commercial property market throughout the UK.




Alastair Salvesen

Alastair SalvesenAlastair Salvesen is a Chartered Accountant and a Director of Archangels and one of their companies. He is Chairman of Dawnfresh Seafoods Ltd, and Dovecot Studios Ltd and a Director of several other companies. He is Deputy Chairman of the Fettes Trust and a past president of the Royal Highland and Agricultural Society and the British Frozen Foods Federation. He is also a Farmer and Forester and enjoys the countryside and developing young businesses in Scotland.



Geoffrey ball

Geoff Ball

Geoff Ball was the Chief Executive of Cala from 1974 until his retirement in 2009. He led the Management buyout and subsequent sale of the business. He was also Chairman of McCarthy & Stone and was for many years on the boards of Standard Life and Scottish Mortgage Investment Trust. He is a past president of the UK Homebuilders Federation.




Stuart Paul is Managing Partner of First State Stewart , an investment management team withinStuart Paul First State Investments. Based in Edinburgh, Hong Kong and Singapore the team has invested in Asian and Global Emerging markets since 1988 and now invests in equities globally on behalf of their clients. Stuart is an Associate member of the UK Society of Investment Professionals, a CFA charterholder and a member of the Institute of Chartered Accountants of Scotland. He is a Director of Personal Assets Trust plc.




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