Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Aberdeen's Hemmings takes over as F&C's Tigue leaves AIC board

Aberdeen's Hemmings takes over as F&C's Tigue leaves AIC board

Jeremy Tigue has stepped down from the board of the Association of Investment Companies (AIC) and will be replaced by William Hemmings, Aberdeen Asset Management head of closed-end funds.

Tigue (pictured), manager of the £2 billion Foreign and Colonial Investment Trust and F&C's head of global equities, has been one of the 12 AIC board members for the past nine years.

An AIC spokeswoman said the nine-year term meant members could not be re-elected.

Speaking about his appointment,Hemmings said: 'I am very pleased to join the AIC board, at a time of significant change for closed-end funds.

'There are undoubtedly considerable opportunities ahead as we broaden the shareholder base of the sector, but at the same time, investment companies face considerable regulatory challenges.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter