Scottish Mortgage Investment Trust PLC

Scottish Mortgage Investment Trust PLC

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

Scottish Mortgage is a low cost investment trust that aims to maximise total returns from a focused and actively managed portfolio. It invests globally, looking for strong businesses with above-average returns and aims to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five year rolling period.


James Anderson, Trust Manager
James graduated BA in Modern History from Oxford University and after postgraduate study in Italy and Canada, he gained an MA in International Affairs in 1982. He joined Baillie Gifford in 1983 becoming a Partner in 1987. James headed our European Equity Team until July 2003 when he became Head of our Long Term Global Growth Team. He is a member of the Investment Advisory Group.
Tom Slater, Deputy Trust Manager
Tom graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000. He joined Baillie Gifford the same year and worked in the Developed Asian and UK Equity Teams before joining Long Term Global Growth Team in 2009. Tom became a CFA charterholder in 2003 and a Partner in the firm in 2012.
JPHS Scott, Chairman
John Scott, the Chairman, is a former international investment banker who maintains a number of interests in the investment trust sector. John was appointed a Director in 2001 and became Chairman on 31 December 2009. He is a former executive director of Lazard Brothers & Co., Limited. During his twenty years with Lazard he was involved with the merchant bank's corporate advisory activities and its Asian businesses. He is currently a director of various companies, including Martin Currie Pacific Trust plc, JPMorgan Claverhouse Investment Trust plc, Schroder Japan Growth Fund plc, Alternative Asset Opportunities PCC Limited and Impax Environmental Markets plc. He is also chairman of Alpha Insurance Analysts.
MM Gray, Director
Michael Gray, the Senior Independent Director, joined the Board in 2004 after a successful career in printing and technology industries where he gained valuable global business experience. As chairman and chief executive he led the growth of McQueen International over a 17 year period as it evolved from being a printing company into a global enterprise providing a range of support services to technology companies. On McQueen’s acquisition, he became senior vice president of Sykes Enterprises Inc., a global NASDAQ quoted outsourcing services company. He retired from Sykes in 1999 and has many business, community and sporting interests including being a member of the Advisory Board of The Winning Scotland Foundation.
Professor John Kay, Director
John Kay has a distinguished record as an economist, academic, author and commentator on business, government and economic issues. John was appointed a Director in 2008, he is a Visiting Professor at the London School of Economics and Investment Officer, St John's College, University of Oxford. He is a director of Law Debenture Corporation p.l.c., Value and Income Trust PLC and Audax Properties PLC.
FC McBain, Director
Fiona McBain is chief executive of Scottish Friendly Assurance, a Glasgow based and mutually owned financial services group with over 500,000 policyholders. Fiona was appointed a Director in 2009. Before joining Scottish Friendly in 1998, Fiona, a chartered accountant, was employed by Prudential plc and Arthur Young (now Ernst & Young) where she spent some time working across a number of industry sectors, both in the UK and in the United States. She is also a director of the Association of Financial Mutuals.
WG McQueen, Director
Gordon McQueen, the Chairman of the Audit Committee, brings to the Board first class financial and banking expertise, as a former finance director of the Bank of Scotland. Gordon was appointed a Director in 2001. Until 2003 he was an executive director of HBOS plc, Bank of Scotland and Halifax plc, where his main role was chief executive, Treasury. He is a director of JPMorgan Mid Cap Investment Trust plc, The Edinburgh Investment Trust plc and Shaftesbury PLC.

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