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Baring Emerging Europe appoints non executive director

Baring Emerging Europe has appointed Jonathan Woollett as a non-executive director.

Woollett joined BEE on July 23 from the European Bank of Reconstruction in London. In his previous role he was responsible for the Company’s debt and equity activities with non-bank financial institutions in Central and Eastern Europe.

Previously Woollett held roles at Credit Suisse Asset Management, UBS and Deutsche Bank.

BEE chairman Iain Saunders says: “The Board is delighted to welcome Jonathan Woollett as a non-executive director to the Board of Baring Emerging Europe PLC. Jonathan has considerable experience in the region and we very much look forward to working with him”.


Choice of reason

Last week, I took a look at the seemingly now unfashionable interest in possession trust. These trusts were very much in the news in the aftermath of the 2006 Budget when the inheritance tax relevant property provisions were extended to all lifetime trusts other than bare trusts and trusts for the disabled. From that point on, most new trusts developed by the financial services sector that are not bare trusts have been discretionary trusts – by definition, trusts without an interest in possession.


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