Directorate Change

RNS Number : 9499B

Scottish Mortgage Inv Tst PLC

11 March 2014

 



RNS Announcement

Scottish Mortgage Investment Trust PLC

Appointment of Director

The Board is pleased to announce the appointment of Dr Paola Subacchi as a non-executive Director of the Company with effect from 1 April 2014. 

Paola Subacchi is the Director of International Economics Research at Chatham House in London and an expert on the functioning and governance of international financial and monetary systems as well as being an advisor to governments and non-profit organisations.

Paola's recent publications include "Breaking the Vicious Circle: Restoring Economic Growth and Flexibility in Italy", "The Connecting Dots of China's Renminbi Strategy: London and Hong Kong," and "Shifting Capital: The Rise of Financial Centres in Greater China".

Paola, an Italian national, studied at Università Bocconi in Milan and at the University of Oxford.

The Chairman, John Scott said:

"Paola has extensive knowledge and experience of international economic affairs, particularly with respect to China and Europe and I believe this will prove to be of great value to Scottish Mortgage. The Board is looking forward to working with Paola."

There is no further information required to be disclosed under Listing Rule 9.6.13.

By order of the Board

John Scott

Chairman

11 March 2014

Scottish Mortgage is a low cost investment trust that aims to maximise total return over the long term from a focused and actively managed portfolio. It invests globally, looking for strong businesses with above-average returns.

You can find up to date performance information about Scottish Mortgage on the Scottish Mortgage page of the Managers' website at www.scottishmortgageit.com^‡

‡    Neither the contents of the Managers' website nor the contents of any website accessible from hyperlinks on the Managers' website (or any other website) is incorporated into, or forms part of, this announcement.

Scottish Mortgage is managed by Baillie Gifford & Co, the Edinburgh based fund management group with over £100 billion under management and advice in active equity and bond portfolios for clients in the UK and throughout the world (as at 30 December 2013).

Investment Trusts are UK public limited companies and are not authorised or regulated by the Financial Conduct Authority.

For further information please contact:

James Budden, Baillie Gifford & Co  

Tel: [phone] or 07507 201208

Roland Cross, Director, Broadgate Mainland

Tel: [phone]

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