LONDON - JPMorgan China Growth & Income PLC announced today the appointment of Mr. Nick Bannerman as an independent non-executive Director, effective from January 24, 2025. The decision aligns with the company's succession planning and will follow the Annual General Meeting scheduled for January 23, 2025.
Mr. Bannerman brings extensive experience from his tenure in senior roles across various firms with a focus on China. His career includes over two decades of governance in investment trusts, including his current position as a non-executive Director and Audit Chair of The Global Smaller Companies Investment Trust, a role he has held since 2019 and was appointed Audit Chair in August 2024.
Previously, he served as the non-executive Director, Audit Chair, and Chair of Baillie Gifford Japan Trust, where he transitioned from Audit Chair between 2010 and 2014 to Chair from 2014 to 2019. In the corporate sector, Mr. Bannerman was the Managing Director & Global Sales Director of Johnstons of Elgin, a key player in the UK's luxury textiles manufacturing, from 2010 to 2024. His earlier roles include CEO of Kinloch Anderson and Managing Director of Peter Scott & Co., both of which are prominent in the Scottish tartans and textiles market with connections to China. His foundational experience in finance was established as a Scottish Chartered Accountant, a qualification he obtained in 1990 with Deloitte, Edinburgh.
At the time of this announcement, it was disclosed that Mr. Bannerman does not hold ordinary shares in JPMorgan China Growth & Income PLC. The company has confirmed that there are no additional details to be disclosed under the UK Listing Rules in respect of Mr. Bannerman's appointment.
This directorate change is a strategic move for the investment trust as it continues to navigate the investment landscape in China. The information for this announcement is based on a press release statement.
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