Directorate Changes

RNS Number : 4403H

Aberdeen Diversified I&G Trust PLC

01 August 2019

 

ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST PLC

(LEI: 2138003QINEGCHYGW702)

Directorate Changes

1 August 2019

The Board of Aberdeen Diversified Income and Growth Trust plc (the "Company") is pleased to announce the appointment of Anna Troup and Trevor Bradley as independent non-executive Directors of the Company with effect from 1 August 2019. Both Directors were appointed after a search conducted by an independent recruitment consultancy.

Anna Troup qualified as a lawyer with Slaughter and May and has been employed in the financial services industry since 1997, having spent over 10 years at Goldman Sachs and more than 12 years as an investment management professional, most recently as head of UK Bespoke Solutions at Legal & General Investment Management. She is also an independent non executive director of T Bailey Fund Services.

Trevor Bradley was a partner and member of the Management Board at Ruffer LLP.  He was responsible for growing and leading the firm's institutional investment business and managed over £1 billion of multi-asset portfolios for pension funds, charities and other institutions.  Prior to Ruffer, Trevor was a management consultant at McKinsey & Company and a UK equity portfolio manager at Mercury Asset Management.

James Long, Chairman of the Company, commented: "The Board is delighted to have appointed Directors of the calibre of Anna and Trevor who each bring considerable investment management and other valuable experience to the Company."

There are no further disclosures required under the Financial Conduct Authority's Listing Rule 9.6.13 in relation to either appointment.

The Board further advises that Jim Grover is retiring as a Director of the Company on 6 September 2019.

James Long commented: "Jim has served as a Director since 2013 and leaves with the Board's thanks for the strategic focus which he brought to its deliberations and his pursuit of clarity in the Company's shareholder communications."

As previously highlighted in the Company's announcement on 25 September 2018, James Long will stand down as Chairman and retire from the Board at the next AGM in February 2020. Davina Walter will be appointed Chairman of the Company at the conclusion of the AGM. Julian Sinclair will succeed Davina Walter as Senior Independent Director. The Board envisages that these appointments and retirements will complete its refreshment for the foreseeable future.

For further information, please contact:

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

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