New Hands Take CEF Reins

CEF DIRECTOR MOVES: Steven Bates will replace Pen Kent as chairman of F&C Capital and Income; Murray International and Ruffer Investment Company have new chairmen; and more

Jackie Beard, FCSI, 9 May, 2011 | 10:27AM
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Director Changes: May 3-6
Pavlo Protopapa has joined the board of Diamond Circle Capital (DIAM) as a non-executive director. This is his first such appointment to a board of a listed company.

Richard Lockwood has been appointed a non-executive director of Geiger Counter (GCL). Lockwood is the founder of New City Investment Managers, the investment manager of the fund. He acts as a consultant to all funds managed by the firm. His appointment takes the board to five members, the rest of whom have been in situ since the fund’s launch in 2006.

There’s a new chairman at F&C Capital and Income (FCI). Pen Kent will be stepping down as chairman in January 2012 after nearly seven years in this role. He will be replaced by Steven Bates, existing chairman of Baring Emerging Europe and non-executive director of two additional listed companies.

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