Directorate Change

RNS Number : 6166V

Intl. Biotechnology Trust PLC

16 January 2013

 



International Biotechnology Trust plc (the "Company")

Appointment of Director

International Biotechnology Trust plc is pleased to announce the appointment of Mr Jim Horsburgh to the Board of the Company as a non-executive Director, with effect from 1 February 2013.  Mr Horsburgh will also be appointed to the Audit, Nomination and Management Engagement Committees.

Jim commenced his career in investment management in 1977, joining Hill Samuel Investment Management as a Graduate Trainee. He moved to the ICI Pension Fund in 1979, where he held the positions of Investment Analyst and Portfolio Manager, with responsibilities across both UK and US portfolios. Jim then joined Abbey Life Assurance Company in 1982, as a Fund Manager of two unit trusts, and subsequently managed the Company's flagship life and pension equity funds. In 1984 he joined Schroder Investment Manager ("SIM") as UK Pension Fund Manager and subsequently became an Account Director, a Director and in 1995, Deputy MD of SIM (UK). In 1998 Jim was promoted to UK MD responsible for, amongst other things, ensuring that investment strategies, including asset allocation met clients' needs. Jim left Schroders in 2001 and, following a career break, was Chief Executive of Witan Investment Trust plc from February 2004 to October 2008.

Jim holds an MA in Economics and Statistics from the University of Edinburgh.

There are no further details that are required to be disclosed in respect of this appointment under LR 9.6.13 of the UK Listing Authority's Listing Rules.  As at today's date, Jim had no beneficial interest in the shares of the Company.

Enquiries:

Kate Bingham/David Pinniger

SV Life Sciences Managers LLP          

Investment Manager 

Tel: [phone]

Rhona Gregg

BNP Paribas Secretarial Services Limited

Company Secretary

Tel: [phone]

16 January 2013

 

END

 

 

BOAGGUUUGUPWGQA