Friday, 23 January 2015 11:41
BlackRock and Henderson directors get AIC roles
Directors at BlackRock and Henderson have become the two newest faces on the Association of Investment Companies board.
Rachel Beagles, of BlackRock Emerging Europe, and Chris Hills, of Henderson Opportunities Trust and Invesco Income Growth Trust, have been elected.
Their tenure took effect from 21 January, when Peter Arthur took over the role of AIC chairman. Melville Trimble has become AIC deputy chairman.
Ms Beagles, who is also a director of Crown Place VCT, New India Investment Trust, Schroder UK Mid Cap Fund and Securities Trust of Scotland, as well as Blackrock, expressed her delight.
She said: "The AIC provides a valuable and broad service to its members and I look forward to working with the board and management team to represent members' interests going forward."
Her career in financial markets focused on promoting global equities to, and writing investment research for, professional investors. Before her current involvement in the sector, she was a managing director within the investment banking division at Deutsche Bank AG where she was co-head of the Pan European Banks equity research and sales team.
Mr Hill has spent 40 years in the investment management field.
During that time he has invested in investment companies on behalf of a life and pensions business and high net worth individuals, as well as managing one trust and serving on the board of two.
He said: "I'm very pleased to have been elected to the AIC board and will do my best to ensure I bring my experience of investment companies to the board table, to build on the AIC's achievements of recent years and to enhance the industry's future role as a manager of UK savings and investments."
He joined the City in 1974 after graduating from Cambridge and is presently the chief investment officer of Investec Wealth & Investment, a position he has held since 1995. In his career, he has managed a wide range of asset classes and geographies.
Also re-elected to the board were Chris Fletcher, Peter Moffatt and Chris Russell. Andrew Bell, outgoing chairman, and Sarah Bates, chairman from January 2011 to January 2013, have both retired from the board, following nine years of service.
Peter Arthur, chairman of the AIC, said: "I'd like to thank Andrew Bell and Sarah Bates, who retired at the AGM, and show my appreciation for their outstanding contribution and dedication to the AIC and the industry."
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