Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter