Source - LSE Regulatory
RNS Number : 1595E
Monks Investment Trust PLC
22 February 2024
 

The Monks Investment Trust PLC (MNKS)

Appointment of Directors

 

The Board of The Monks Investment Trust PLC ('the Company') is pleased to announce the appointments of Randeep Singh Grewal and Stacey Parrinder-Johnson as non-executive Directors of the Company, both with effect from 1 March 2024.

 

Randeep Singh Grewal has been chairman of BB Healthcare Trust plc since July 2019, having served as a non-executive director on that board since December 2016. He is also a non-executive director of the Global Smaller Companies Trust plc. Having read Medicine and Computer Science at Jesus College, Cambridge, he trained as a vascular surgeon before transferring his skills in healthcare and technology to working as an analyst and portfolio manager with Tudor Capital in 1998. He was a senior portfolio manager at F&C Asset Management with responsibility for Thames River European Absolute Return Fund from 2010 to 2012 and portfolio manager of Trium Multi-Strategy Hedge Fund and senior portfolio manager of Trium Opportunity Equity Fund from 2015 to 2019. Since then, he has been closely involved with healthcare and technology businesses in various capacities, with a particular focus on start-ups and early-stage private companies.

 

Stacey Parrinder-Johnson was, until September 2023, chief investment officer of Investec Wealth & Investment UK, where she was also a member of the executive management committee, chair of the investment committee, and a member of the executive risk management committee. Stacey brings twenty years of experience in asset selection, portfolio management, and manager analysis across UK and international mandates, and has particular strength in investment trust governance, sustainability and risk issues. She has previously served as a pension trustee and has been a governor of the University of Portsmouth since November 2023.

 

She owns 3,250 shares in the Company as at the date of this announcement.

 

The Chairman of Monks, Karl Sternberg, said: "I am pleased that we have been able to secure two Directors with such high-quality, relevant investment industry experience to join our Board, with particular regard to adding new perspectives, and to ensure that a good succession plan is in place as Directors retire."

 

The appointments of Randeep Singh Grewal and Stacey Parrinder-Johnson are subject to ratification by shareholders at the Annual General Meeting of the Company to be held in 2024.

 

There is no further information required to be disclosed under Listing Rule 9.6.13.

 

Baillie Gifford & Co Limited

Managers and Secretaries

22 February 2024

 

Legal Entity Identifier: 213800MRI1JTUKG5AF64

Regulated Information Classification: Additional regulated information required to be disclosed under applicable law

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