Mercantile investment trust chair to retire next year

Angus Gordon Lennox steps down

The chair of the Mercantile investment trust, Angus Gordon Lennox, is set to retire in 2025 following the conclusion of the company’s annual general meeting.

Gordon Lennox, a director of the trust since 2015 and chair since 2018, will be succeeded by Rachel Beagles, who has been a director of the trust since 2021.  Having previously sat on the board of the Association of Investment Companies for six years, Beagles is currently a non-executive director of Alliance Witan. Prior to that, she was a managing director and co-head of the pan-European banks equity research and sales team at Deutsche Bank's investment banking division.  Legal & General private markets chief appointed to head retail division in leadership shake-up As part of the ...