Simon Davidson has rejoined In-Q-Tel, the US intelligence community’s strategic venturing unit, as managing partner.
Based in Boston, Davidson had held the same role for more than a decade before leaving in mid-2017 to join commercialisation firm Allied Minds as executive vice-president of technology investments.
The move follows a series of changes at Allied Minds earlier this year.
In June, Jeff Rohr took over as chairman at commercialisation firm Allied Minds as part of a board revamp as it realigns its portfolio strategy amid cost-cutting demands from its activist investor Crystal Amber.
Michael Turner and Joseph Pignato, previously general counsel and chief financial officer respectively, now lead Allied Minds as co-chief executives following the departure of Jill Smith earlier that month.
The firm, which has paused additions to its portfolio and is expected to exercise restraint in existing businesses, has also been affected by the turmoil at investor Woodford Investment Management, which has forced the latter to sell 5% of its shareholding.
In-Q-Tel has been expanding its team. In January, Steve Taub departed from GE Ventures, power and industrial equipment producer General Electric’s corporate venturing unit, to join In-Q-Tel, after it opened its first international offices in the UK and Australia, also hiring Peter Tague from financial services firm Citi as executive vice-president.
– Photograph courtesy of LinkedIn
