Appointment of New Director

RNS Number : 4938Y

Pacific Horizon Investment Tst PLC

08 July 2008

 



RNS - PACIFIC HORIZON INVESTMENT TRUST PLC

Appointment of New Director

Gerald Smith, a partner in Baillie Gifford & Co, who has been the manager of Pacific Horizon Investment Trust since 1995, will be appointed to the Board on 1 February 2009.

Owing to a rearrangement of duties within the Company's investment manager Baillie Gifford, Gerald will cease to be responsible for the Company's portfolio at that point but his appointment to the Board will enable the Company to continue to benefit from his experience and knowledge of the region's markets. He will be subject to annual re-election as a director.

With effect from 1 February, Gerald's responsibility for the management of Pacific Horizon will transfer to his colleague Mike Gush, a member of the Emerging Markets Team at Baillie Gifford since 2005.  In the meantime, Mike becomes with immediate effect co-manager of the Pacific Horizon portfolio with Gerald, to facilitate a smooth transition to his becoming sole manager in February.

By Order of the Board

Peter Mackay

Chairman

8 July 2008

 

END

 

 

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