People Moves

Aliiance Trust Replaces Equities Head

Mark Shapland, Reporter, London, 26 September 2014

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Alliance Trust head of equities Ilario di Bon has stepped down in order to pursue other opportunities and is being replaced by Peter Michaelis.

Alliance Trust's head of equities Ilario di Bon has stepped down in order to pursue other opportunities and is being replaced by Peter Michaelis.

Michaelis will lead the equity investment team under the direction of chief executive Katherine Garrett-Cox.

“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,” Garrett-Cox said.

“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.”

Michaelis joined Alliance Trust in August 2012 and moves from his post as head of sustainable and responsible investment.

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