28 May 2024
Ruffer Investment Company
Limited
(Incorporated in Guernsey
with registered number 41996)
Appointment of Non-Executive
Director
The Board of Ruffer Investment
Company Limited ("RICL" or
the "Company") is pleased
to announce the appointment of Colleen McHugh as a non-executive
director of the Company with effect from 1 June 2024. Mrs McHugh
will be a member of the Company's Audit and Risk Committee as well
as the Management Engagement Committee.
Mrs McHugh has over 25 years of
international experience in investment management and banking. She
has held senior positions at HSBC, Barclays Wealth and Investment
Management and has led the wealth management division of
Butterfield Bank Guernsey. Mrs McHugh was more recently Managing
Director of 1818 Venture Capital and has current non-executive
director experience of the London listed FTSE 250 Real Estate
Credit Investments Ltd.
Mrs McHugh brings extensive
experience in multi-asset management for Fiduciary, Insurance and
High Net Worth clients and is an independent investment committee
member of the UK digital investment platform of a large UK wealth
manager. With her asset management experience, as well as a
background of a degree in economics, an MBA from the University of
London and CFA Institute certification in ESG investing, Mrs McHugh
is well placed to bring her insights to the board of RICL as well
in her role as a regular guest on television including BBC World
News and the Today Programme.
Mr Chris Russell, Chairman,
said:
'We welcome Colleen to the board of
RICL. Apart from a keen independence and enquiring mind, Colleen
brings breadth and depth of buy-side experience which complements
perfectly the other skill sets on the board.
From the AGM, Nick Pink will take on
the chair of RICL, Solomon Soquar will replace Nick as Senior
Independent Director and Shelagh Mason and Susie Farnon will
continue as chair of the Management Engagement and the Audit and
Risk committees respectively.
I am supremely confident, when I
step down at the AGM later this year, that I shall leave behind an
exceptional and independently minded board to represent RICL
shareholders.'
In compliance with paragraph 9.6.13
of the Financial Conduct Authority's Listing Rules, the Company
advises that Mrs McHugh is an independant director of Real Estate
Credit Investments Limited, a company listed on the Main Market of
the London Stock Exchange. There are no other disclosures required
to made pursuant to paragraph 9.6.13 in connection with the
appointment.
Enquiries:
Sanne Fund Services (Guernsey) Limited
Company Secretary
Tracy Holloway
DDI: +44(0)20 3530 3653
Email: tracy.holloway@apexgroup.com