Directorate Change

RNS Number : 6088K

Scottish Mortgage Inv Tst PLC

22 December 2008

 

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Appointment of Director

The Board is pleased to announce the appointment of Ms Fiona McBain as a Director of the Company with effect from 26 February 2009. 

Fiona McBain is Chief Executive of Scottish Friendly Assurance, a Glasgow based and mutually owned financial services group with over 500,000 policyholders. Before joining Scottish Friendly in 1998, Fiona McBain, a chartered accountant, was employed by Prudential plc. and Arthur Young (now Ernst and Young) where she spent some time working across a number of industry sectors, both in the UK and in the United States. She is also a Director of the Association of Friendly Societies and a Director of the Association of Mutual Insurers.  

The Chairman of Scottish Mortgage, Sir Donald MacKay said:  'I am very pleased that Fiona is joining the Board of Scottish Mortgage. Fiona will bring to Scottish Mortgage a very useful perspective that covers a number of important areas.' 

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

Baillie Gifford & Co

Managers and Secretaries

22/12/2008

Notes to Editors

Scottish Mortgage Investment Trust PLC is a low cost investment trust that aims to maximise total return over the long term from a focused and actively managed portfolio of equities. It invests globally, looking for strong businesses with above-average returns. The Trust has total assets of £1,411 million (before deduction of debentures, long and short term borrowings of £312 million). 

Scottish Mortgage is managed by Baillie Gifford & Co, the Edinburgh based fund management

group with around £40 billion under management and advice as at 22 December 2008.

 

END

 

 

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