City of London Investment Group appoints George Karpus to its Board as Non-Executive Director alongside Daniel Lippincott joining as an Executive Director

– UK, London –  City of London Investment Group (LON: CLIG) today announced the appointments to its Board of George Karpus as a Non-Executive Director and Daniel Lippincott as an Executive Director, effective as of 19 October 2020.

“We are delighted to welcome both George and Daniel to the Board. Over several decades, George has devoted his energies successfully to building a wealth management business model that focuses on long term investment performance and client service. His extensive experience can only add breadth and depth to the CLIG Board and we are very pleased to welcome him aboard.” said Board Chairman, Barry Aling.

He added: “Over the 17 years that Daniel has worked as an investment professional at KIM, he has developed a deep understanding of capital markets in both the equity and debt spheres that has served clients well in terms of consistent investment performance through the cycles. That singular focus mirrors precisely the CLIG ethos and we are pleased, therefore, to have Daniel join the CLIG Board.”

About George Karpus

George founded Karpus Management Inc. in 1986 to improve how client value is defined and delivered in the investment industry. For 18 years prior to 1986, George held key positions at two brokerage firms, a regional bank and another investment advisory firm.

George earned his BSc. (Physics) from St. Lawrence University and attended Rensselaer Polytechnic Institute for the MSc. Program.

About Daniel Lippincott

Daniel was the Director of Investment Personnel at KIM before becoming their CIO in October 2020. He joined KIM in 2003 and is the leader of the investment team and a member of its Management Committee. Daniel is focused on the implementation and continued success of KIM’s investment process.

Daniel is a member of the CFA Institute and the CFA Society of Rochester. He earned BBA and MBA degrees from St. Bonaventure University.

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