IN BRIEF: Baillie Gifford Shin Nippon promotes Lum to lead manager

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Baillie Gifford Shin Nippon PLC - Japan-focused investment trust - Appoints Brian Lum as lead portfolio manager, replacing Praveen Kumar with immediate effect following an internal review. Jared Anderson is named deputy portfolio manager. Lum has 18 years of experience at Baillie Gifford, Anderson has 8 years and co-manages the Japanese Fund.

Baillie Gifford says these portfolio management changes are ‘one of several measures Baillie Gifford has implemented over the last year’. Says no changes expected to the company’s investment objective, policy, or process.

Current stock price: 115.23 pence, down 1.0% in London on Wednesday

12-month change: up 6.7%

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