– UK, London – Capital Gearing Trust P.l.c. (LON: CGT) announced the appointment of Karl Sternberg as Chairman of the Board of Directors effective on 3 July 2025, to succeed Jean Matterson who will retire from the Board at the AGM on 3 July 2025, by Karl Sternberg.
About Karl Sternberg
Karl Sternberg was appointed to the Board in September 2024 and has extensive experience and expertise in both investment management and the investment trust sector. He was a founding Partner of institutional asset manager Oxford Investment Partners, which was acquired by Towers Watson in 2013. Before that, he held several positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004, including CIO for London, Australia, Europe, and the Asia Pacific. Since 2006, he has developed his non-executive director career, with a focus on investment management and the investment trust sector in particular. From 2010 to 2015, he was a Non-Executive Director of Friends Life Group plc, where he was Chairman of the Investment Oversight Committee. He was Chairman of JPMorgan Income & Growth Investment Trust plc until November 2016 and the Senior Independent Director of Alliance Trust PLC until December 2021. He was a Non-Executive Director of Lowland Investment Company plc until December 2021 and of Herald Investment Trust plc until April 2024.
Karl Sternberg is Chairman of The Monks Investment Trust plc, Clipstone Industrial REIT plc, and Apax Global Alpha Limited, and a Non-Executive Director of Howard de Walden Estates. He will be retiring as chairman and from the board of The Monks Investment Trust plc in September 2025.
For more: https://capitalgearingtrust.com/
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