Directors

Chairman

Mr JGD Ferguson
JGD Ferguson


James Ferguson was appointed a Director in 2002 and became Chairman in 2005. He is also Chairman of the Audit Committee. He is chairman of Value and Income Trust plc, The Scottish Oriental Smaller Companies Trust Plc, Edinburgh U.S. Tracker Trust and Northern 3 VCT Plc. He is a director of The Independent Investment Trust PLC and Audax Properties PLC. He joined Stewart Ivory in 1970, becoming chairman and chief executive in 1989 and retiring in 2000. He is a former deputy chairman of the Association of Investment Companies.

Directors 

CC Ferguson

CC Ferguson


Carol Ferguson was appointed a Director in 2003. A qualified Chartered Accountant, she began her investment career with Ivory & Sime, an Edinburgh fund management group. Thereafter, she moved to Wood Mackenzie, stockbrokers, becoming a partner in 1984. Her most recent position was as Finance Director for Timney Fowler, a textiles company. She is a non-executive director and chairs the audit committees of BlackRock Greater Europe Investment Trust plc and Vernalis plc. She is a director of Invesco Asia Trust plc, Standard Life UK Smaller Companies Investment Trust PLC, the Chartered Accountants Compensation Scheme and is chairman of the Association of Investment Companies. 
EM Harley

EM Harley


Edward Harley was appointed a Director in 2003. He joined Cazenove in 1983, becoming a partner in 1994. He has considerable experience of overseas markets, having worked in New York and latterly with responsibility for the firm’s business in Latin America, S.E. Asia and Australia. He is currently a director at Cazenove Capital Management and is president of the Historic Houses Association. He is also involved with the charitable sector both as a trustee and as a member of investment committees.
DCP McDougall

DCP McDougall


Douglas McDougall was appointed a Director in 1999 and is the Senior Independent Director. He is chairman of The Scottish Investment Trust plc, The Law Debenture Corporation plc, The Independent Investment Trust PLC and The European Investment Trust plc. He is a director of Herald Investment Trust plc and Pacific Horizon Investment Trust PLC. From 1969 to 1999 he was a partner in Baillie Gifford & Co and from 1989 to 1999 was joint senior partner and chief investment officer. He is a former chairman of the Investment Management Regulatory Organisation, the Fund Managers’ Association and the Association of Investment Companies.