Former Warner Music U.K. chairman Nick Phillips has been named as a board member at London-based entertainment industry investment house the Edge Group.

Phillips has worked in the industry for 30 years, becoming Warner chairman in 1999. He left the company in March, having overseen the success of David Gray and James Blunt. Phillips was also executive producer of the Brits 2007 awards show.

The Edge Group is involved in asset management, consulting, corporate finance, and legal affairs. Fatboy Slim and Nick Cave are among the artists on its client roster. Recent corporate finance deals include the sale of the Deston Songs, Extreme Music and Right Said Fred music publishing catalogues.

The company was founded by veteran music industry attorney David Glick four years ago and claims its Edge Performance Venture Capital Trust is now the biggest specialist investment fund for the live music and events industry, with £20 million ($41 million) under management.

"Nick's input will be particularly important in helping grow the group's corporate finance activities", said Glick in a statement. "Despite much negative coverage of the recorded music industry in particular, there is a growing appetite in the investment community for publishing and recorded music catalogues, areas in which Nick's experience will prove invaluable."

"This is a time of great opportunity in the entertainment industry," said Phillips in a statement. "The live music and events business is being driven by a new generation of entrepreneurs. I believe the Edge Group is uniquely placed to prosper in this new marketplace and I look forward to being part of the Edge story."

Other Edge Group board members at the Edge Group include artist manager Frank Presland and concert promoter Harvey Goldsmith.