Karin Forseke is to leave her role as chair of the £2.8bn Alliance Trust on 1 January 2016, as the company begins searching for an external candidate to fill the position.
The move comes as the company implements "the biggest changes in the trust's history", following a public debate over its future with shareholder and activist investor Elliott Advisors. Has the Alliance board done enough to avoid another attack? These include a radical shake-up of the trust's board, which will become "fully independent, comprising solely non-executive directors". As this process near completion, Forseke (pictured) believes it would be an appropriate time to step down from the trust. Gregor Stewart, who has been a non-executive director of Alliance Trust since D...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
