Capital Gearing Trust announces Paul Yates to its Board as upcoming Non-Executive Director

– UK, Belfast –  Capital Gearing Trust Plc (LON: CGT) today announced the appointment of Paul Yates as a non-executive Director of the Company with effect from 2 December 2019.

About Paul Yates

Paul Yates is Chairman of the Advisory Board of 33 St James’s Limited and is a non-executive director of Fidelity European Values PLC, The Merchants Trust PLC and Witan Investment Trust PLC. His extensive career in investment management began at Samuel Montagu & Co in 1980. He joined Phillips and Drew in 1985, being the year that it was acquired by UBS. During his time at UBS he held a number of positions covering management, portfolio management, pensions, strategy and client service. He was CEO of UBS Global Asset Management Limited between 2001 and 2005 and, after undertaking a number of global roles at UBS, he retired in 2007.

Paul Yates was previously a non-executive director of Aberdeen UK Tracker Trust PLC and Aberdeen Diversified Income & Growth Trust PLC, retiring from these positions in 2017 and 2018 respectively.

For more information: http://www.capitalgearingtrust.com

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