BMO Managed Portfolio Trust announces David Warnock to its Board as Non-Executive Director alongside Colin McGill as next Chairman

– UK, London –  BMO Managed Portfolio Trust plc (LON:BMPG) announces that Richard Martin, who has been a non-executive Director and Chairman of the Company since its launch in 2008, will retire from the Board on 31 December 2018.

Following Richard’s retirement, Colin McGill, a non-executive Director of the Company will succeed him as Chairman. Colin is currently the Chairman of the Audit Committee and following his appointment as Chairman, he will be succeeded by Alistair Stewart in this position.

As part of its succession planning, the Board is pleased to announce the appointment of David Warnock as a non-executive Director of the Company with effect from 1 January 2019.

David co-founded the investment firm of Aberforth Partners and was a partner for 19 years until his retirement in 2008. David is currently a non-executive Director and Chairman of Troy Income & Growth Trust plc and a non-executive Director of Seneca Investment Managers Limited. He has held non-executive directorships of several public and private companies and before Aberforth, was with Ivory & Sime plc and 3i Group plc.

His election will be proposed to shareholders for approval at the Annual General Meeting of the Company to be held in September 2019.

Colin McGill, Chairman designate commented: ‘The Board would like to thank Richard for his outstanding contribution and commitment to the Company since its launch and wish him well for the future. We are delighted to welcome David as a Director of the Company and believe that his investment experience and extensive knowledge of the industry, will add considerable value to the Board.’

For more information : https://www.bmogam.com/managed-portfolio-trust

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