27 August 2009

 

ALLIANCE TRUST APPOINTS FIXED INCOME TEAM

 

Alliance Trust announces today that it has appointed four leading fixed income managers from Scottish Widows Investment Partnership (SWIP) to increase the company’s fixed income expertise and provide greater flexibility in asset allocation. The team will be led by Rod Davidson and he will be joined by Gareth Quantrill, Stuart McMaster and Stuart Steven. The new team will be a great asset to Alliance Trust, having a combined 80 years’ experience of investing in all aspects of the fixed income market. The team will start at Alliance Trust in early 2010.

 

Katherine Garrett-Cox, Chief Executive, said, "I am delighted to announce the appointment of a new fixed income team to Alliance Trust today.  The combined skills and experience the team brings to our investment approach will greatly enhance the income earning potential of the Trust.

 

“In a challenging external environment, the addition of fixed income expertise will inject greater balance to our overall portfolio and provide us with a wider scope to deliver superior returns to our shareholders.”

     

Rod Davidson has built up a wealth of investment experience over the last 24 years. Most recently he was Global Head of Fixed Income at SWIP, having previously spent nine years as Global Head of Fixed Income at Aberdeen Asset Management as well as holding various investment roles at Daiwa Europe, Sun Life Investment Management, Kuwait Investment Office and Provident Mutual Investment Management.

 

Gareth Quantrill spent eight years as an Investment Manager at Norwich Union Investment Management, later Morley Investment Management, before moving to SWIP in 2000 as Investment Director for Corporate Bonds. He was later promoted to Head of Credit, and after two years at Henderson Global Investors, moved back to SWIP as Head of Bond Product.

 

Stuart McMaster was Head of Aggregate Bonds at SWIP, having spent 16 years at the Company in various investment roles including Head of Bond Fund Management and Head of Credit. Previously he was an Assistant Investment Manager at Standard Life Assurance Company.

 

Stuart Steven joined SWIP in 2008 as an Investment Director. He spent his early career in accounting roles before moving to Britannic Asset Management in 1994 where he was an Investment Manager for six years. He also previously worked for Legal & General Investment Management, Insight Investment Management and Synapse Investment Management. 

 

 

Contacts

 

 

 

Jane Holligan, Communications Manager

Conor McClafferty / Clare Dundas

Alliance Trust

Finsbury Group

Tel: +44 (0)1382 321 094

Tel: +44 (0)20 7251 3801

Email: jane.holligan@alliancetrust.co.uk

Email: alliancetrust@finsbury.com

Web: www.alliancetrust.co.uk

Web: www.finsbury.com

 

 

Notes to editors

 

  1. Alliance Trust PLC is a self-managed investment company with investment trust status. A FTSE-100 company, it is the largest generalist UK investment trust by market value listed on the London Stock Exchange.

 

  1. As at 31 December 2008, the Trust managed assets of more than £2.2bn. Of the company’s net assets, around 2% was invested in its subsidiaries, which include Alliance Trust Savings and Alliance Trust Asset Management.

 

  1. Further biographical details of the team are available on request.