Moneyquest unveils McSween as chairman

Moneyquest has unveiled the appointment of leading Scots businessman Angus McSween as its first chairman.

McSween, CEO of web security company Iomart and current holder of the Glenfiddich Spirit of Scotland Award for Business, will now oversee Scots-based Moneyquests two-year expansion plan and drive towards AIM listing.

Moneyquest, which handled over 1bn of mortgage business last year from its Glasgow and Edinburgh offices, revealed the appointment at its 16th birthday celebration attended by more than 170 employees, guests and business partners at the Lighthouse in Glasgow.

The companys expansion plan includes increasing staff from 130 to 200, increasing mortgage business to 3bn, achieving AIM listing and moving to a larger headquarters in Glasgow city centre.

Paul Reynolds, Moneyquests operations director, says: “It is a tremendous opportunity for the company that someone with Angus McSweens innovative approach to business and proven track record is joining us.

“Angus has built a formidable profile, building Iomart from scratch to become a leader in its field.

“He has also led the business to AIM listing and we believe that he will provide strong strategic leadership as we look to be top in our industry sector by 2007.

“His appointment makes this an exciting time for Moneyquest.

“There is real momentum behind us and I look forward to continuing the levels of growth experienced in recent years.”

Angus MacSween won the Glenfiddich Spirit of Scotland for Business Award ahead of nominees of the calibre of Sir Fred Goodwin of Royal Bank of Scotland, Bill Gammell of Cairn Energy and Tom Hunter of West Coast Capital.

Since selling his first business he has established, grown and sold five more profitable concerns in the telecoms and internet sector.

In December 1998, Angus founded Iomart and has been the driving force behind the Netintelligence portfolio.

McSween says: “Moneyquests success is a well-kept secret.

“Over the last 15 years, the directors Steve Pollard, Paul Reynolds and Derek Pollard, have grown the company to be a major player in its field.

“There is great potential for further growth and expansion, and I welcome the challenge of helping them to achieve that.”