Bridges appoints CFO

Bridges Ventures has hired former Langholm Capital chief financial officer Paul Richings as part of a recent round of appointments.

Prior to Langholm Capital, Richings worked at Mercury Asset Management (which was later acquired by Merrill Lynch). Before Mercury, Richings qualified as a chartered accountant with Coopers & Lybrand (now PwC), where he audited investment management firms.

Richings will primarily be responsible for ensuring Bridges’ “accounting and financial capabilities continue to respond to the needs of a growing, multi-asset fund manager,” according to a statement.

Founded in 2002, UK-based Bridges uses an impact-driven investment approach and currently manages more than £340 million (€408 million; $565 million) across three fund types: sustainable growth, property and social sector funds.

The firm also hired two deal partners: Oliver Wyncoll, also a former Langholm partner; and Mark Blower, who was previously with UK mid-market buyout firm Gresham Private Equity.

Additionally, the firm hired Khidhr Shafiq as an associate. He joins Bridges from Deloitte, where he has worked in the assurance and corporate finance departments for the last five years.