Scottish Mortgage chair McBain to exit amid board 'refreshment'

Valeria Martinez
clock • 1 min read

Scottish Mortgage's chair Fiona McBain is set to exit after 14 years amid a series of changes to the composition of the £13.1bn investment trust's board, including the official departure of rebel director Amar Bhidé. In a London Stock Exchange notice today (21 March), the trust said that Justin Dowley, a current senior independent director will succeed McBain as chair with effect from the 2023 AGM, subject to his re-election.  Director Bhidé, who questioned McBain's independence and raised concerns over governance issues and the trust's capabilities to invest in unlisted companies  du...

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