Published: January 19, 2026 at 3:42 pm
Angel Capital Scotland (ACS) has appointed a new board of directors, with Niki McKenzie, joint managing director at Archangels, named as chair.
The move follows the appointment of Margaret Morton as the firm’s first chief executive in September 2025 and is being positioned as the next step in the organisation’s development as Scotland’s national association for business angels.
McKenzie brings more than 14 years’ experience at Archangels, having previously worked in banking and structured finance at KPMG and Lloyds Banking Group.
She also sits on the board of St Andrews Innovation and is a trustee of National Museums Scotland.
She is joined on the new board by Lynne Cadenhead (TRICAPITAL Angels and Women’s Enterprise Scotland), Fraser Lusty (Equity Gap) and Professor Niall MacKenzie (University of Strathclyde).
The board refresh sees long-serving chair Jock Millican step down after 14 years, having overseen the transition from LINC Scotland to Angel Capital Scotland and the recruitment of Morton as CEO.