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AITC appoints new directors

The Association of Investment Trust Companies has appointed two independent directors to its executive committee.


It has appointed Dick Barfield, a former chief investment manager with Standard Life Assurance Company, and David Price, formerly deputy chairman of Mercury Asset Management.


Barfield is a director of the Baillie Gifford Japan Trust and Price is on the board of the Mercury European Privatisation Trust.


The AITC has written to members proposing constitutional change which would require the majority of the executive committee to be independent of investment trust managers.

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