Change at the Helm of City of London CEF

DIRECTOR MOVES October 24-28: Remnant succeeds de Zoete as chairman of City of London

Szymon Idzikowski 31 October, 2011 | 11:30AM
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It was a quiet week for the closed-end funds industry in terms of directors moves and dealings. The highlights follow.

Director Moves
Amati VCT (ATI): Brian Scouler has been appointed an executive director of the company, bringing the number of board members to four—the other three being non-executive directors. Scouler has more than 25 years’ experience in private equity management and previously he managed Dunedin Enterprise Investment Trust.

City of London (CTY): Philip Remnant has succeeded Simon de Zoete as chairman of the UK Growth and Income fund. De Zoete was appointed as a non-executive director in 2001 and became chairman the following year. Remnant joined the board of City of London at the start of this year.

Director Buying
Ecofin Water & Power Opps (ECWO) - Bernard Lambilliotte
Invesco Lev High Yield (ILH) - Hugh Ward, Donald Adamson
John Laing Infrastructure (JLIF) - Talmai Morgan
Pacific Assets (PAC) - Nigel Rich
Pacific Horizon (PHI) - Jean G K Matterson
Personal Assets (PNL) - Stuart Paul
Securities Trust of Scotland (STS) - Neil Donaldson
Temple Bar (TMPL) - Arthur Copple, June de Moller, Richard Jewson
Throgmorton Trust (THRG) - Lord Latymer, Simon Beart, Eric Stobart
UK Select Trust (UKT) - James Le Pelley
Utilico Investments (UTL) - Michael Collier
Witan (WTAN) - R A Bruce

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Szymon Idzikowski

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

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