Scottish Mortgage Investment Trust Plc
SMT:LN
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Overview
Company Profile
A low cost investment trust that aims to maximise total return over the long term. It invests globally with a core exposure to the UK, looking for strong businesses with above average returns.
Classification
Sector Finance
Industry Asset Management Services
Financials
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Corporate
Board of Directors
JPHS Scott
Chairman
John Scott, the Chairman, is a former international investment banker. John was appointed a Director in 2001 and became Chairman on 31 December 2009. He is also Chairman of the Nomination Committee. He is a former executive director of Lazard Brothers & Co., Limited. During his twenty years with Lazard, he was involved with the merchant bank’s corporate advisory activities and its Asian businesses. He is currently Chairman of Impax Environmental Markets plc and Alpha Insurance Analysts Limited, as well as being a director of various companies including Bluefield Solar Income Fund Limited, JPMorgan Claverhouse Investment Trust plc, and Schroder Japan Growth Fund plc.
FC McBain
Director
Fiona McBain is chief executive of Scottish Friendly Assurance, a Glasgow based and mutually owned financial services group with over 1,000,000 policyholders. Fiona was appointed a Director in 2009. Before joining Scottish Friendly in 1998, Fiona, a chartered accountant, was employed by Prudential plc and Arthur Young (now Ernst & 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 Financial Mutuals and a trustee of Save the Children UK.
Professor JA Kay
Director
John Kay, the Senior Independent Director, has a distinguished record as an economist, academic, author and commentator on business, government and economic issues. John was appointed a Director in 2008, he is a Visiting Professor at the London School of Economics and Investment Officer, St John’s College, University of Oxford. He is a director of Value and Income Trust PLC and The Investor Forum Cic.
WG McQueen
Director
Gordon McQueen, the Chairman of the Audit Committee, brings to the Board first class financial and banking expertise, as a former finance director of the Bank of Scotland. Gordon was appointed a Director in 2001. Until 2003 he was an executive director of HBOS plc, Bank of Scotland and Halifax plc, where his main role was chief executive, Treasury. He is a director of JPMorgan Mid Cap Investment Trust plc and The Edinburgh Investment Trust plc.
P Subacchi
Director
Paola Subacchi is the Director of International Economics Research at Chatham House in London and an expert on the functioning and governance of international financial and monetary systems as well as being an advisor to governments and non-profit organisations. Paola was appointed to the Board on 1 April 2014. Paola’s recent publications include “Breaking the Vicious Circle: Restoring Economic Growth and Flexibility in Italy”, “The Connecting Dots of China’s Renminbi Strategy: London and Hong Kong,” and “Shifting Capital: The Rise of Financial Centres in Greater China”. Paola, an Italian national, studied at Università Bocconi in Milan and at the University of Oxford. She is a governor of St Marylebone School in London.
J Dowley
Director
Justin Dowley is a former international investment banker. He qualified as a chartered accountant at Price Waterhouse in 1980. Subsequently he was a director of Morgan Grenfell & Co. Limited, Head of Investment Banking at Merrill Lynch Europe and a founder partner of Tricorn Partners LLP. He is currently Chairman of Intermediate Capital Group plc and a non executive director of Melrose Industries plc, the National Crime Agency and a number of private companies.