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New head of investment trusts at First State

First State Investments has announced the appointment of Lucy Allan as its new head of investment trusts.

Allan&#39s appointment follows current head of investment trusts Teddy Tulloch&#39s decision to retire at the end of August after 30 years with First State and Stewart Ivory before it was bought by First State in 2000.

When she joins on August 20, Allan will be responsible for working with the boards of First State&#39s two investment trusts as well as new business development moving forward.

She joins most recently from UBS Warburg&#39s investment trust team and prior to that she was head of investment trusts at Gartmore.

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