Directorate Change

RNS Number : 5811V

F&C Investment Trust PLC

14 December 2021

 

London Stock Exchange Announcement

F&C Investment Trust plc

Appointment of a Director

LEI: 213800W6B18ZHTNG7371

Information disclosed in accordance with  Listing Rule  9.6.11 (1)

The Board of F&C Investment Trust plc is pleased to announce that Stephen Russell will join the Board as an independent Non-Executive Director with effect from 1 February 2022. Mr Russell will replace Sarah Arkle who will retire from the Board on 31 January 2022.

Mr Russell is Investment Director and a member of the multi asset investment committee at Ruffer LLP, where he directs its investment strategy across £23bn of assets under management. He joined the firm in 2003 and has managed Ruffer's flagship pooled funds and developed their institutional pension fund offering into one of the largest multi-asset/absolute return institutional fund managers in the UK. He has been managing and advising pension funds and trustees for almost 30 years, having previously managed segregated pension funds at Sun Life of Canada and   then advising pension fund managers as a strategist at HSBC .

Commenting on the appointment, Beatrice Hollond, Chairman, said:

  "Steve Russell's appointment continues our succession plan for the Company's longer serving Directors and reflects our continuing focus on maintaining the highest level of investment skills and knowledge on the Board. We are delighted that he will be joining us"

Mr Russell does not own any ordinary shares in the Company.

Mr Russell was a Non-Executive Director of JPMorgan European Investment Trust plc until 15 February 2021. No further information is required to be disclosed under Listing Rule 9.6.13 in respect of this appointment. 

14 December 2021

Enquiries to:

Jonathan Latter

BMO Investment Business Limited

Company Secretary

Telephone No: 020 7 011 5181

 

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