Directorate Change

RNS Number : 7962F

F&C Capital & Income Inv Tst PLC

03 May 2011

 



F&C Capital and Income Investment Trust PLC

Appointment of Chairman Designate

The Board is pleased to announce that Mr Steven Bates has been appointed a non-executive Director and Chairman Designate of F&C Capital and Income Investment Trust PLC with effect from 3 May 2011.  Mr Pen Kent, Chairman, will retire immediately following the Company's Annual General Meeting in 2012.

Steven Bates is a non-executive director of Baring Emerging Europe plc, British Empire Securities and General Trust plc and RENN Universal Investment Trust plc.  He is also a director of Zephyr Management, an investment management business specialising in emerging markets, Chief Investment Officer of Salisbury Partners LLP and was previously an executive director of JPMorgan Asset Management responsible for emerging markets investments.

Save as listed above, no information is required to be disclosed in respect of this appointment under paragraphs 9.6.13 of the Listing Rules.

Commenting on the appointment, Pen Kent, Chairman, said:

"I am delighted to welcome Steve Bates to our Board as Chairman Designate.  He brings with him wide and deep experience of investment management and senior board appointments."

Steve Bates said:

"I am very pleased to be joining the Board and look forward to working both with the directors and the fund manager."

3 May 2011

 

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