Alliance Trust Savings chief executive Burgess resigns

Robert Burgess is stepping down as chief executive of Alliance Trust Savings (ATS).

Over the last three years Burgess, who has stepped down from the board, has overseen a programme of modernisation of the business, which ATS says is now well placed to take advantage of opportunities in the growing retail savings market.

Alan Trotter, finance director of Alliance Trust, will oversee the day to day running of ATS until a replacement is appointed.

Lesley Knox (pictured), chair of Alliance Trust, said: '[Burgess] has instigated a major repositioning of the business resulting in good growth. He has built an experienced management team who are in a strong position to capitalise on the opportunities provided by the retail distribution review. Robert leaves with our very best wishes for the future.'