Alliance Trust is appointing John Hylands as non-executive director with immediate effect.
Hylands will join the audit committee, becoming its chairman when current chairman Gordon McQueen resigns on March 31.
He joins Alliance Trust after a 28-year career at Standard Life. During this time he was finance director from 2001 to 2005 and led the business’ demutualisation and Stock Exchange.
Alliance Trust chairman Lesley Knox says: “I am delighted that we have been able to attract someone with John Hylands’ financial acumen and experience of the financial services industry to join the board.
“He will be a worthy successor to Gordon McQueen, who during his time has helped Alliance Trust to develop a robust control environment within which to expand its activities and now seeks new challenges.”
John Hylands says: “I am very pleased to have been invited to join the Board of Alliance Trust. It has a unique heritage and reputation for value and I look forward to working with its management team.”