Press centre

12 February 2010

Melville Trimble elected to AIC board

AIC Board election results

The membership of the Association of Investment Companies (AIC) has elected Melville Trimble to the AIC Board.   He replaces Alan Young, who has stepped down.  Sarah Bates and Jeremy Tigue, both Deputy Chairman, were re-elected.

Carol Ferguson, Chairman, AIC said: “I am delighted to welcome Melville to the AIC Board. The depth of his experience both as a corporate financier and adviser to the sector spans both onshore and offshore jurisdictions.  This, together with his in-house finance experience and technical knowledge, makes him a great asset to the board. 

“I would also very much like to thank Alan Young for his contribution to the Board. Alan’s insight and fund management experience has been much valued by the Board and we wish him well for the future.”

Melville Trimble trained as a chartered accountant with Peat Marwick Mitchell but has spent the last twenty–five years involved in the closed end investment company industry as well as the fund management business.  Melville has worked as a corporate financier and advisor to the investment company sector at Cazenove & Co. and Merrill Lynch, and he was finance director of Herald Investment Management for three years. He has been a non executive director of Invesco Income Growth Trust plc and was chairman of The Black Sea Property Fund Ltd, a Guernsey incorporated AIM listed fund. He currently leads the Listed Fund Advisory team at PricewaterhouseCoopers and is a member of the AIC’s Technical Committee, as well as a Fellow of the Securities & Investment Institute.

- Ends -

Notes to Editors
The Association of Investment Companies was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment. Today, the AIC represents a broad range of closed ended investment companies, incorporating investment trusts and other closed ended investment companies and VCTs.  The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help Members add value for shareholders over the longer term. The AIC has 347 members and the industry has total assets of approximately £85 billion.

 

Back to top

Back to Press centre