DH Profile

David Hitchcock OBE – Executive Chairman, Joint Managing Partner and Director of all Investee Companies

David Hitchcock is the Executive Chairman of CIM and has been an investment banker for 22 years, first at Goldman Sachs in Equity Sales, then at JP Morgan where he was Managing Director for 17 years with responsibility for all of JP Morgan’s relationships with institutional investors and hedge funds. Since leaving JP Morgan he has become an active investor and director of British precision engineering companies, acquiring stakes in the Cyrus-RW Group and Bradford Cylinders and has been actively involved in the re-financing and management of both of those companies. Since leaving JP Morgan, he was appointed Executive Chairman of Grant Thornton Banking where he has become Non-Executive Chairman from January 2015. Prior to commencing his City career he served as a Captain in the Brigade of Gurkhas. He was educated at Pembroke College, Cambridge and is a graduate of the Royal Military Academy Sandhurst.


27.03.15 - Cyrus-RW Group - Managing Director Wan Watkins.

Ian Watkins – CIO, Joint Managing Partner and Director of all Investee Companies

Ian Watkins, Chief Investment Officer, is one of the UK’s most experienced precision engineers. Over 45 years Ian has successfully acquired and turned around existing engineering businesses. His management career began at Acton Machine Tools, increasing its turnover to £10m per year and expanding its workforce to 45 engineers.


In 1977 he established Chepstow Machine Tools to become the largest machine tool dealer in South Wales with a turn-over of £10m and a workforce of 130 employees. In 1994 he established Cyrus engineering which through acquisitions became the Cyrus – RW Group.


Ian has a proven track record of acquiring undervalued or distressed precision engineering businesses and then turning them around through operational synergies, relocations and the application of his management teams’ combined 150 years of experience across bespoke design, refurbishment and parts manufacturing disciplines. When Cyrus acquired RW Transmissions and Taylor and Sons both had turnovers of £1m at the time of acquisition. Both have now grown to a respective turnover of £3m each. Cyrus RW Group is now the largest precision engineering group in South Wales, with 150 employees, headquartered in Cardiff and with operations in Briton Ferry, Newcastle, Aberdeen and the Middle East providing innovative precision engineering solutions to the shipping, aerospace, steel, oil and gas industries.


Peter Schwabach – Partner

Peter Schwabach is a former Goldman Sachs investment banker. He is a graduate of Oriel College Oxford and was educated at St. Paul’s School in London.