OTAF Member Elected Angel Capital Association Treasurer
Parker MacDonell elected Angel Capital Association treasurer
Will handle finances for North America’s trade association for accredited angel investing
Kansas City, MO, Jan. 22, 2014 – The Angel Capital Association (ACA), the North American trade association of angel groups and private investors that invest in high growth, early-stage ventures, has appointed Board of Directors member Parker MacDonell, executive committee member of Ohio TechAngels, treasurer.
“Parker has been doing great work on the ACA Membership Committee and we appreciate having such a seasoned financial professional take on the role of treasurer as well,” said David Verrill, ACA chairman. ACA provides professional development for angel groups, family offices and individual accredited investors and delivers services and benefits to support the success of the portfolio companies of ACA members. ACA also serves as the advocacy voice and the trusted authority on accredited angel investing in the United States.
“A strong ACA is vital to the continued success of our community of angel-backed companies, especially during this time of regulatory change, and I’m flattered to be entrusted with the role of treasurer,” MacDonell said.
MacDonell is a seasoned financial services and business executive whose personal mission includes helping others succeed in business. Through his advisory firm Invergarry Partners, he assists business owners with capital formation, succession planning, goal-setting and value creation. His goal is to help business owners through the next step in the growth of their enterprise and to remove obstacles that may stem from access to capital and funding.
MacDonell’s financial services career has combined commercial banking, angel investing and startup business ventures. At Bank One, he led teams of retail, commercial and community bankers to serve their clients. At CFBank, he successfully launched the entry of the company into the Columbus market and built a base of satisfied clients. As a member of the Executive Committee of, and an investor in, all four of the Ohio TechAngel Funds, Parker assists entrepreneurs with the growth of their emerging businesses. He has invested in 26 businesses and served on the boards of five startups.
“Parker brings a nice combination of CFO experience, understanding of ACA and its members, and angel investing in general to the treasurer position,” said ACA Executive Director Marianne Hudson. “We look forward to his work and expertise as ACA expands its membership and activities.”
AboutAngel Capital Association (ACA)
The Angel Capital Association is the leading professional and trade association supporting the success of angel investors in high-growth, early-stage ventures. ACA provides professional development, industry voice, public policy advocacy and an array of benefits and resources to its membership of 200 angel groups and more than 8,500 individual accredited investors.
Media Relations for Angel Capital Association