Ilario di Bon has stepped down as head of equities at Alliance Trust to pursue other opportunities and will be succeeded by Peter Michaelis.
He will lead a single equity investment team under the direction of the trust’s chief executive and chief investment officer, Katherine Garrett-Cox.
In addition, Simon Clements, who was head of global equities at Aviva Investors, will be responsible for the management of Alliance Trust PLC’s equity portfolio.
Garrett-Cox says: “We wish Ilario well for the future. These changes will enable us to capitalise on the long track record and experience of the whole team. They will also allow us to promote an integrated and responsible investment strategy which we believe is a necessity, and no longer a choice, in today’s world. Our thematic investment approach remains unchanged and we are committed to delivering capital growth and a consistently rising dividend from our diversified portfolio of global equities and fixed income investments.”