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Foreign & Colonial Seeks New Chairman As Simon Fraser Plans Retirement

31st Oct 2018 16:25

LONDON (Alliance News) - Foreign & Colonial Investment Trust PLC on Wednesday said it is searching for a new chairman to replace Simon Fraser.

Fraser will have as chair of the board for nine years by the time of the investment trust's May 2019 annual general meeting. He intends to retire "during the course of 2019".

Senior Independent Director Roger Bone will lead the search for Fraser's successor.

Shares in Foreign & Colonial were up 1.7% at 672.00 pence on Wednesday afternoon.

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