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Appointment of new Director

Karyn Lamont has been appointed as a non-executive director and Chair of the Audit Committee for The Scottish Investment Trust. She will begin her tenure on 1 October 2017 and replaces Ian Hunter who will be resigning after 3 years of valuable service to the company during a time of restructuring for the Trust.

Karyn joins The Scottish with a depth of specialist experience developed over 25 years at PwC, 13 years of which were as Audit partner, managing clients from across the UK’s financial services sector including several high-profile investment trusts.

The Scottish has been turning heads over the last 18 months as an in-depth strategic review of the fund and the company has seen some significant change.  Most crucially a change in investment style to its current more highly active contrarian approach, under the new leadership of Alasdair McKinnon, and an outsourcing of administrative functions to create a more cost effective and efficient model.

This contrarian approach requires the investment team to think differently and not just to follow the herd in order to offer a truly relevant, active investment opportunity.

Chairman James Will commented “The Board and I would like to thank Ian for his considerable contribution, particularly over the last eighteen months as the Company reorganised a number of its key administrative functions.   The Company continues to offer investors low-cost access to a diversified portfolio of international equities with a high conviction, contrarian approach and a long track record of dividend growth.  I look forward to working with Karyn, the Board and the management team with the continuing aim of providing above-average returns for shareholders over the longer term.”

 

For further information on The Scottish or for more on the new appointment of Karyn Lamont contact: Sarah Monaco – The Scottish Investment Trust – 0131 225 7781

 

28 September 2017