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New India Investment Trust Plc

New India Investment Trust Plc

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United Kingdom


: | London Stock Exchange: NII


Objective of New India Investment Trust Plc: The objective of New India Investment Trust PLC is to achieve long-term capital appreciation by investing in companies which are incorporated in India or which derive significant revenue or profit from India, with dividend yield from the company being of secondary importance. This emphasis on long-term capital appreciation will be demonstrated by benchmarking the Company’s net asset performance against the Morgan Stanley Capital International India Index (in Sterling terms).

About Aberdeen Asset Management Plc: Aberdeen Asset Management Plc is a global investment management group that manages assets for both institutional and retail clients from offices around the world. The company operates independently and only manages assets for third parties, allowing it to focus solely on their needs without conflicts of interest. Its clients access investment expertise across the three asset classes including equities, fixed income and property. The company was founded on July 1, 1983 and is headquartered in Aberdeen, UK.

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Asia Pacific ex Japan Equities - Value and Opportunity

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Asia Pacific ex Japan Equities - Value and Opportunity

Executives

William Salomon, Chairman and Independent Non-Executive Director
William was appointed as a Director and Chairman of New India Investment Trust on 9 December 2004. He gained law degrees at Cambridge and was subsequently called to the Bar. He has more than 20 years’ experience in the investment management and investment trust industry. He is currently senior partner of Hansa Capital Partners LLP, which he established in 2000 and which manages Hansa Trust plc (of which he is a director), and deputy chairman of Ocean Wilsons Holdings Limited and a director of Wilson Sons Limited, a subsidiary of Ocean Wilsons Holdings Limited. After working at Rea Brothers Limited from 1982 to 1985, he reverted to a legal career in 1986 and 1987, before joining Finsbury Asset Management Limited in 1987. He was appointed deputy chairman of Rea Brothers Group plc in 1996 and then chairman in 1999. In 1999, Rea Brothers was taken over by Close Brothers Group PLC, following which William was appointed as vice-chairman of Close Asset Management Holdings Limited, a position he held until July 2002.
Hasan Askari, Independent Non-Executive Director
Mr Askari has been an investment banker since 1975, initially with SG Warburg & Co. Ltd. (now UBS Ltd.) and subsequently, with JP Morgan Chase Investment Bank in Hong Kong and Barclays Capital in Tokyo and London. He was most recently at Old Mutual plc., London as a member of the Executive Committee responsible for the United Kingdom and Europe and later, for Asia-Pacific. He is an adviser to the Kotak Mahindra Group, one of India's leading banking groups and on the Board of Sun Life of Canada (UK) Limited. He has an M.A. (Oxon). He is Chairman of Aqua Resources Fund Limited, a closed investment fund listed on the London Stock Exchange.
Rachel Beagles, Independent Non-Executive Director
Rachel Beagles worked in financial markets, primarily in equity research and sales from 1990 until 2003. She was co-head of the Pan European Banks Equity Research and Sales Team and a Managing Director of Corporate and Investment Banking Group Division at Deutsche Bank AG from 2000 to 2003.

She is a non-executive director of Blackrock Emerging Europe plc, Crown Place VCT plc, Schroder UK Mid Cap Fund plc and Securities Trust of Scotland plc.
Professor Victor Bulmer-Thomas CMG, OBE, Independent Non-Executive Director
Professor Victor Bulmer-Thomas CMG OBE joined the Board of New India on 5 February 2004. He is also a Director of JPMorgan Brazil Investment Trust PLC. He is the former Director of the Royal Institute of International Affairs (Chatham House) and a former non-executive director of Gartmore Latin America New Growth Fund SA and Schroder Emerging Countries Fund PLC. He is Emeritus Professor of Economics at London University and an adviser to governments and multinational companies on macroeconomic policy and corporate strategy.
Stephen White, Independent Non-Executive Director
Relevant experience and other directorships
Stephen White is Head of European and US equities at British Steel Pension Fund, responsible for the day to day management of the Fund's Europe ex-UK and US equity portfolios. He is a Chartered Accountant and is a non-executive director of JP Morgan European Smaller Companies Trust plc.

He was a non-executive director of Global Special Opportunities Trust Plc. He was formerly Director and Head of European Equities at Foreign & Colonial Investment Management, Manager of Foreign & Colonial Eurotrust PLC and Deputy Manager of the Foreign & Colonial Investment Trust Plc. Prior to joining Foreign & Colonial in 1985, he held positions at Hill Samuel Asset Management, Phillips & Drew and Price Waterhouse.

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