City of London Investment Group reported Monday that Doug Allison would take over as the new Chief Executive Office in the New Year.
Allison, who has been Finance Director since 1998, will replace Barry Olliff, who will continue as Chief Investment Officer.
Valerie Tannahill, who joined the company in 1997 as Finance Manager, has been appointed as Finance Director. She is also director of The World Markets Umbrella Fund, City of London's Dublin-listed undertakings for collective investment in transferable securities product.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Philippa Keith, of MSP Secretaries, has accepted the position of company secretary.
The changes to the UK fund management group's board will take effect on January 1st.
RD
-
Should you invest in UK equities?The FTSE 100 hit a record high this week, but UK equities remain unloved and undervalued compared to their global and US peers. Should you snap them up at a discount?
-
State pension errors: DWP urged to check for mistakes among divorced peopleFormer pensions minister Steve Webb says there are a high number of divorced women on low state pensions. Now MPs want the DWP to check if there were any errors in “potentially underpaying men and women who are divorced”.
