Moneyquest appoints its first chairman

Moneyquest, the telephone and online mortgage, insurance and loan brokers, appointed Angus McSween as its first chairman.

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

Moneyquest revealed the appointment at its 16th birthday celebration attended by more than 170 employees, guests and business partners.

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, director of Moneyquest, says: “It is a tremendous opportunity for the company that someone with McSweens innovative approach to business and proven track record is joining us. His appointment is the culmination of a two-year search for the right man.

“McSween 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 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.”

MacSween won the Glenfiddich Spirit of Scotland for Business Award ahead 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, he 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 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.”