Aberdeen looks to oust Garrett-Cox as head of £2bn Alliance Trust

Aberdeen Asset Management CEO Martin Gilbert said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust.

According to a report in the Telegraph, yesterday Gilbert publicly stated he would “love the opportunity to pitch for the trust.” He is expected to contact the Alliance trust board outlining Aberdeen’s strong track record running other trusts including Murray International. "If we were given the opportunity, we would run Alliance with our other global portfolios out of our Edinburgh office," Gilbert said, according to the report. Aberdeen would also offer to save Alliance shareholders money by undercutting Garrett-Cox (pictured)'s management fees. The trust has a TER of 0.98%, whic...