– UK, Edinburgh – Capital Gearing Trust P.l.c. (LON: CGT) announced the appointment of Karl Sternberg to its Board as an independent non-executive Director effective 5 September 2024.
“My fellow Directors and I are delighted to welcome Karl Sternberg to the Board. He brings extensive experience and expertise in both investment management and the investment trust sector, which will complement and strengthen the skills and experience of the rest of the Board.” said Board chairman, Jean Matterson.
Karl Sternberg has also joined the Audit and Risk Committee, Management Engagement Committee, Remuneration Committee, and Nomination Committee from 5 September 2024.
About Karl Sternberg
Karl Sternberg is Chairman of The Monks Investment Trust plc, Clipstone Industrial REIT plc, Apax Global Alpha Limited, and a Non-Executive Director of Jupiter Fund Management plc and Howard de Walden Estates.
Karl Sternberg 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.
For more: https://capitalgearingtrust.com/
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