Directorate Change

RNS Number : 9989O

New India Investment Trust PLC

26 September 2013

 



NEW INDIA INVESTMENT TRUST PLC

Appointment of New Directors

26 September 2013

The Board of New India Investment Trust PLC (the "Company") is pleased to announce the appointment of Rachel Beagles and Stephen White as independent non-executive directors of the Company with effect from 26 September 2013.

Rachel Beagles worked in financial markets, primarily in equity research and sales from 1990 until 2003. She was co-head of the Pan European Banks Equity Research and Sales Team and a Managing Director of Corporate and Investment Banking Group Division at Deutsche Bank AG from 2000 to 2003.

She is a non-executive director of Blackrock Emerging Europe plc, Crown Place VCT plc, Schroder UK Mid Cap Fund plc and Securities Trust of Scotland plc.

No disclosures are required for Rachel Beagles in respect of paragraphs 9.6.13R (1) - (6) of the Financial Conduct Authority's Listing Rules.

Stephen White is Head of European and US equities at British Steel Pension Fund, responsible for the day to day management of the Fund's Europe ex-UK and US equity portfolios.  He is a Chartered Accountant and is a non-executive director of JP Morgan European Smaller Companies Trust plc.

He was a non-executive director of Global Special Opportunities Trust Plc. He was formerly Director and Head of European Equities at Foreign & Colonial Investment Management, Manager of Foreign & Colonial Eurotrust PLC and  Deputy Manager of the Foreign & Colonial Investment Trust Plc. Prior to joining Foreign & Colonial in 1985, he held positions at Hill Samuel Asset Management, Phillips & Drew and Price Waterhouse.

No disclosures are required for Stephen White in respect of paragraphs 9.6.13R (1) - (6) of the Financial Conduct Authority's Listing Rules.

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