IN BRIEF: Scottish American adds Templeton Emerging chair to board

Scottish American Investment Co PLC - investment trust focused on global equities - Appoints Templeton Emerging Markets Investment Trust PLC Chair Angus Macpherson as a non-executive director, with effect from Monday next week. Notes Macpherson’s over 35 years of investment experience, with him having served on a number of investment trust boards since 2010. Says the appointment will be ratified at Scottish American’s annual general meeting in April next year, with the trust intending for him to become chair of the board following this.

‘We are delighted that Angus has agreed to join the board and are confident that his knowledge, experience and leadership abilities will be of great benefit to Saints in the years ahead,’ says Mariot Leslie, senior independent director and chair of the selection committee.

Current stock price: 511.25 pence, down 1.1% on Tuesday morning in London

12-month change: up 0.1%

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