Alliance Trust appoints new chief executive

Aug 19 2008 By Greig Cameron

Katherine Garrett-Cox promoted from chief investment officer

Investment management group Alliance Trust has announced the promotion of chief investment officer Katherine Garrett-Cox to chief executive.

She replaces Alan Harden following his resignation.

Garrett-Cox, who already has a high profile in the City, joined the Dundee company in May 2007 from Morley Fund Management

Chairman Lesley Knox, said Garrett-Cox had played an integral role on the board since she joined and had already made significant steps to modernise Alliance Trust's investment process in her current role.

She said: “The board and I are delighted that we have such a worthy successor to Alan within our management team.

“Her appointment underlines our continuing commitment to delivering superior returns for shareholders through an ever-sharper focus on investment performance.

Garrett-Cox said: “Alliance Trust has an enviable reputation based upon its long-term track record of global equity investment and I am fortunate to have the opportunity to reinforce this tradition.
 
“As an investment company we will continue to seek opportunities to create value for shareholders, both in our core assets as well as through the development of our own financial services and asset management businesses."