The scale of the capability in THG is something which few appreciate." Paying tribute CEO Moulding said: "There's no doubt whatsoever that THG would not be in such a strong position as it is today had Iain not joined us 14 years ago. "Under his guidance, THG has grown revenues and adjusted EBITDA 20-fold and 50-fold respectively, while migrating away from retailing CDs/DVDs and evolving into a global leader in beauty, nutrition and technology." Prior to establishing Belerion Capital in 2018, McDonald was chief investment officer of the William Currie Group. Writing on LinkedIn this morning, Moulding paid a typically punchy tribute to the outgoing director. "In this world of relentless chaos, I rely on a small group of 'anchors' to keep me and THG steady," wrote Moulding. "Iain is one such anchor. "I first met Iain back in early 2010 when I was searching for investors to back THG in moving away from CDs/DVDs and to enter the nutrition and beauty markets.