The board of the Securities Trust of Scotland has officially appointed Troy Asset Management as its investment manager and PATAC as the alternative investment manager, company secretary and administrator to replace Martin Currie.
The board decided to make the move in September following an "extensive review" of the £207m trust. According to the new arrangements, senior fund manager James Harries has officially taken over the management of the trust, supported by Tomasz Boniek and the wider Troy team. The decision follows the announcement that Mark Whitehead, who was running the trust, will leave Martin Currie in December after five years with the firm. Sanlam hires new global equity income team run by Martin Currie's Whitehead Chairman John Evans said: "The directors of Securities Trust of Scotland are ...
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