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Martin Currie Global Portfolio Trust appoints Gillian Watson as Chair

Gillian Watson has been a non-executive director of the Trust since April 1st, 2013 and brings a wealth of experience to the role.

The Board of Martin Currie Global Portfolio Trust today announces the appointment of Gillian Watson with effect from February 1st as Chair in succession to Neil Gaskell.

Gillian Watson appointed as Chair

Gillian Watson has been a non-executive director of the Trust since April 1st, 2013 and brings a wealth of experience to the role. She is currently Senior Managing Director at Noble & Co., the Edinburgh-based boutique corporate advisory firm and holds various non-executive director positions.

Neil Gaskell served as Chair for nine years, during which the trust has grown to over £300m in assets and delivered continued positive returns to shareholders. Under Neil Gaskell’s chairmanship, the Trust became the first, and only, global trust to receive Morningstar’s maximum ‘Five Globes’ rating for sustainability.* His tenure also saw the appointment of Zehrid Osmani as manager in 2018, the introduction of gearing in 2020 following strong performance and the removal of the performance fee in 2021.

The announcement is in line with the succession plan outlined in the Trust’s half-year financial report.

Gillian Watson commented:

“I am delighted to be taking on the role of Chair at such an exciting time in the Trust’s evolution. Neil hands over the Chairmanship with the Trust in excellent shape: a differentiated, high-quality global investment proposition with an industry-leading ESG framework.

There is a real sense of momentum and excitement about the Trust’s trajectory and we look forward to the coming years. This is in no small part due to Neil’s expert guidance over the past nine years.”

Neil Gaskell commented:

“I have enjoyed my time as Chair immensely and am proud of the progress made in recent years. The Trust has gone from strength to strength and, through continual improvement, we have built a world-class investment proposition that is increasingly recognised as a leader in many respects, not least ESG.

“I wish Gillian all the best in what I expect will be a hugely successful period for the Trust.”

Regulatory information and risk warnings

Past performance is not a guide to future returns.

The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were or will prove to be profitable.

Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.

The company does not target specific ESG outcomes.

Please note that, as the shares in investment trusts are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the value of underlying net asset value of the shares.

Depending on market conditions and market sentiment, the spread between purchase and sale price can be wide. As with all stock exchange investments the value of investment trust share purchases will immediately fall by the difference between the buying and selling prices, the bid-offer spread. The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested.

Investment trusts may borrow money in order to make further investments. This is known as 'gearing' and can enhance shareholder returns in rising markets but, conversely, can reduce them in falling markets.

The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.

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