Directorate Change

RNS Number : 4006U

Merchants Trust PLC

29 March 2019

 

28 March 2019

The Merchants Trust PLC

Board Appointment

The board is pleased to announce the appointment of Colin Clark as a non-executive director of The Merchants Trust PLC with effect from 30 June 2019.  

Colin is currently Chairman of the boards of AXA Investment Managers UK Ltd and AXA Investment Managers GS Ltd, a non-executive director of AXA IM SA global board and a non-executive director of Rathbone Brothers Plc. Colin has had a 35 year career in asset and wealth management. His most recent executive roles were from 2010 at Standard Life Investments and as an executive director of Standard Life Plc where he was responsible for the Global Client Group. Prior to this he was with Mercury Asset Management, Merrill Lynch Investment Managers and S.G.Warburg & Co.

Colin will be appointed as Chairman following the retirement from the board of Simon Fraser on 1 September 2019. Colin will be a member of the Management Engagement Committee and Nominations Committee on appointment.

Simon Fraser said:

"I am very happy that Colin Clark will join our Board in June and become Chairman at the end of September.

It has been a great privilege to Chair The Merchants Trust over the course of its thirteenth decade.  It is a very well managed Trust with a real purpose in producing significant income from a portfolio of UK equities. I would like to thank all our shareholders for your support over this period and I wish the Trust all the very best for the future."

There are no other details requiring disclosure in respect of this appointment under paragraph 9.6.13 of the Listing Rules of the FCA.

For further information please contact:

Stephanie Carbonneil

Managing Director

Head of Investment Trusts

Allianz Global Investors

020 3246 7256

 

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