Nord Engine Capital gains FCA authorisation

06 Jan Nord Engine Capital gains FCA authorisation

Nord Engine Capital Ltd. has great pleasure in announcing that it has gained FCA authorisation to act as an investment adviser for private equity deals with effect from 06/01/2017.

NEC’s CEO, Andy Zhu, said: “This is an important milestone in NEC’s journey. Our mission is to act as a bridge between Chinese capital and British, European and North American entrepreneurship and cutting-edge technological advancement. Via its strategic partnership with the Nord Engine Asset Management Group, NEC is uniquely placed to help identify, develop and create value in our two key focal areas; clean technology and healthcare. FCA authorisation is crucial in providing our clients and investment partners with assurance that they are dealing with a professional team operating to the highest governance standards.”

One of NEC’s independent directors, Bob Wigley, said: “NEC has brought together a highly talented team, supported by unparalleled contacts in China. This is a crucial time for business relationships between the UK, the EU and China, and NEC is at the heart of the challenges and opportunities.”

His fellow independent director, Sir Edward Davey, said: “As the former Minister for Energy & Climate Change I am determined that NEC will succeed in maximising the opportunities for businesses in addressing the issues of pollution and climate change. There is no greater challenge facing capital today.”