A Changing of the Guard at Aurora

DIRECTOR MOVES: Following a reshuffle at Aurora Russia, now it's Aurora's shareholders who see new members on the board

Szymon Idzikowski 4 July, 2011 | 11:53AM
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Director Changes: June 27- July 1
Aurora (ARR): Following a reshuffle at Aurora Russia (AURR), as reported in last week’s Director Moves, now it is Aurora Investment Trust that will see changes at the board of directors. Alex Hammond-Chambers is to step down as chairman of the company on July 18 after nine years with Aurora. He will be joined by Richard Robinson, who will retire from the board on the same date. Hammond-Chambers will be replaced by Howard Flight and Robinson by James Nelson. Both Flight and Nelson have held similar roles before and should serve shareholders well.

BlackRock New Energy (BRNE): After 11 years, John Murray has resigned as a non-executive director of the company. He was a very experienced member with the longest tenure on the board, and his departure has left the company with four non-executive directors with an average tenure of only 1.5 years.

Hirco (HRCO): Douglas Gardner has resigned from the board.

Director Buying
Ashmore Global Opp GBP (AGOL) - Richard Hotchkis
Aurora Russia (AURR) - John Bennett
Baring Emerging Europe (BEE) - Ivo Coulson
Blue Planet Euro Financials (BLP) - Dean Bucknell
Chrysalis VCT (CYS) - Chris Kay
Finsbury Growth & Income (FGT) - Nicholas Train and Giles Warman
F&C Capital & Income (FCI) - John Emly
HICL Infrastructure Company (HICL) - Graham Picken
Merchants Trust (MRCH) - Paul Yates
Murray International (MYI) - Peter Dunscombe
Throgmorton Trust (THRG) - Eric Stobart, Lord Latymer and Simon Beart
Qatar Investment Fund (QIF) - Leonard Joseph O'Brien
Witan (WTAN) - R A Bruce

Director Selling
Blue Planet Euro Financials (BLP) - Kenneth Christopher Murray

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Szymon Idzikowski

Szymon Idzikowski  is a closed-end fund analyst with Morningstar.