Directorate Change

RNS Number : 6675F

Murray International Trust PLC

28 April 2011

 



MURRAY INTERNATIONAL TRUST PLC ('the Company')

28 April 2011

Directorate

The Board confirms that, as indicated in the Annual Report and Accounts, Mr John Trott has retired as a Director and as Chairman with effect from the conclusion of the Annual General Meeting. Also with effect from the conclusion of the Annual General Meeting, Dr Kevin Carter has been appointed Chairman of the Board and has stepped down from membership of the Audit and Remuneration Committees.

The Board would like to record their thanks and appreciation for the invaluable contribution made by Mr Trott as a Director of the Company and in his roleas Chairman since 2002, a period in which the Company has significantly outperformed its benchmark.

Appointment of New Directors

The Board of Murray International Trust PLC is delighted to announce the appointment of Ms Ella Brown and Mr Peter Dunscombe as independent non-executive Directors of the Company with effect from 29 April 2011. 

Dr Kevin Carter, Chairman, commented:

"I would like to welcome Ms Brown and Mr Dunscombe to the Board.  They have both enjoyed successful careers within the investment world. Ms Brown's most recent role was Managing Director - Global Head of Equity Research at ABN AMRO while Mr Dunscombe is about to retire as Head of Pension Investments at the BBC Pension Trust.  Both Directors bring a wealth of experience to the Board."

Ms Brown is a member of the investment advisory panel of the Royal College of Physicians and a joint investment committee member of the Royal Medical Foundation of Epsom College.  Ms Brown was formerly a Managing Director at Credit Suisse Asset Management and prior to that was a director at JPMorgan Investments.

Mr Dunscombe is a member of the investment committees of The Pensions Trust, Reed Elsevier Pension Fund and St James's Place plc.  Mr Dunscombe was formerly joint managing director at Imperial Investments Limited.

No disclosures are required for either Director in respect of paragraphs 9.6.13 (1) - (6) of the Financial Services Authority's Listing Rules.

 

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