Witan, the multi-manager global growth investment trust, confirms the appointment of Catherine Claydon as non-executive Director to the Board. Catherine joins with immediate effect.
Catherine brings with her extensive financial services and regulatory experience having been employed as Managing Director, Pension Advisory Group first at Goldman Sachs and more recently Lehman Brothers. Catherine, a Canadian national, holds an MBA from The Wharton School of the University of Pennsylvania.
The Board also confirms that Alan Jones will stand down at this year’s annual general meeting to be held on 28 April 2009. Alan has been an independent non-executive director of Witan Investment Trust for 13 years, the last five of which he was Chairman of the Remuneration Committee.
Harry Henderson, Chairman of Witan Investment Trust said, “Catherine will be a very welcome addition to the Board of Witan. Having held senior positions at Goldman Sachs and subsequently Lehman Brothers within the pension division she brings with her a breadth of experience that will fully complement the existing skills of the Trust’s other non-executive. The Board would like to pass on their warmest wishes to Alan Jones who retires after 13 years as a non-executive director and to thank him for his invaluable work as Chairman of the Remuneration Committee since 2004.”
- ENDS -
For further information please contact:
James Frost
Marketing Director
Witan Investment Trust plc
Tel: 020 7227 9773
james.frost@witan.co.uk |
OR |
Eleanor Mitchell / Hugo Mortimer-Harvey
Quill PR
Tel: 020 7758 2240/2234
eleanor@quillpr.com
hugo@quillpr.com |
Notes to editors
This offer applies to lump sum postal and telephone investments only – online investments will incur the normal £15 fee.
Witan Investment Trust plc
Established in 1909, Witan is one of the UK’s largest investment trusts, managing some £1bn (as at 31.1.09, source AIC) on behalf of some 60,000 investors. Witan is listed in the ‘Global Growth’ sector.
www.witan.com
Witan Investment Services Limited is a wholly owned subsidiary of Witan Investment Trust plc.
Registered as an Investment Company in England No 101625.
Witan Manager Team
|
Equity mandate
|
Manager
|
Based in
|
% portfolio*
|
|
Global
|
MFS Investment Management
|
Boston, USA
|
10.0
|
|
Global
|
Southeastern Investment Management
|
Memphis, USA
|
14.0
|
|
Global
|
Thomas White International Ltd
|
Chicago, USA
|
10.0
|
|
UKMainstream
|
HendersonGlobal Investors
|
London, UK
|
16.0
|
|
UK
|
Artemis Investment Management
|
London, UK
|
7.0
|
|
UK
|
Marathon Asset Management
|
London, UK
|
7.0
|
|
UKSmaller Companies
|
HendersonGlobal Investors
|
London, UK
|
5.0
|
|
European ex UK
|
WellingtonManagement
|
Boston, USA
|
8.0
|
|
North American
|
HendersonGlobal Investors
|
London, UK
|
6.0
|
|
Japanese
|
Brandes Investment Partners
|
San Diego, USA
|
6.0
|
|
Asiaex-Japan
|
Comgest
|
Paris, France
|
5.0
|
|
Australia
|
Orbis
|
Sydney, Australia
|
2.0
|
Witan Pacific Investment Trust plc
Witan Pacific Investment Trust is an Asia-Pacific (including Japan) Trust with assets of £104m (as at 31.1.09, source AIC). The Trust moved to a multi-manager structure on 27 May 2005 with Witan Investment Services as Executive Manager. The investment managers are Aberdeen Asset Management and Nomura Asset Management. Each manages 50% of the Trust to the same Asia-Pacific mandate.
Witan Pacific Investment Trust plc is registered as an Investment Company in England No 91798.
|
|
