AIC names new chairman as Arthur steps down

Appointing Aberdeen Standard's Hemming as deputy chair

Rachel Beagles has been voted chairman-elect of the Association of Investment Companies (AIC), while Aberdeen Standard's William Hemmings will become the next deputy chairman, with effect from the firm's AGM on 17 January 2018.

Beagles has been on the AIC's board since January 2015. She has also been chairman of the Securities Trust of Scotland and NewlonBuild, a subsidiary of Newlon Housing Trust, for seven and five years respectively. Additionally, she is non-executive director of the BlackRock Emerging Europe Trust and spent ten years as non-executive director of the Schroder UK Mid Cap fund between 2006 and 2016. IW podcast: Investment trust special with FundCalibre's McDermott Hemmings is head of investment companies and close-end funds at Aberdeen Standard Investments and was appointed to the AIC bo...