Templeton Emerging Markets Investment Trust appoints Chairman-Elect: Angus Macpherson

9 October 2023

Templeton Emerging Markets Investment Trust (TEMIT1) is delighted to announce that Angus Macpherson has been appointed to the Board as a non-executive Director (NED), effective 6 October 2023. He will take on the role of Chairman of the Company on the 1 January 2024 and will work closely with the current Chairman Paul Manduca, who is retiring after over eight years on the board, to ensure an orderly handover of responsibilities.

Angus Macpherson commented: “I am excited to be joining the Board of Templeton Emerging Markets Investment Trust and look forward to working with the other non-executive directors and the manager. TEMIT has been at the forefront of emerging markets for over 30 years. It has a strong long-term performance which has helped it to grow to be the largest emerging markets investment trust in the UK. Paul Manduca has made an outstanding contribution during his tenure as Chairman which, with the help of the Board, I hope to build on.”

Paul Manduca, TEMIT’s Chairman said: “I am delighted that Angus has agreed to join the Board in October and succeed me as Chairman in January. He is a first-class choice to be the next Chairman and I wish both him and the Company the very best for the future.”

Angus Macpherson has extensive experience of investment trusts as a non-executive Director and Chairman. He is Chief Executive of Noble and Company (UK) Limited, an independent boutique Scottish corporate finance business. He was based in Asia between 1995 and 2004 in Singapore and Hong Kong, latterly as head of capital markets and financing for Merrill Lynch for Asia. He is currently Chairman of Pacific Horizon Investment Trust, Henderson Diversified Income and a director of Schroder Japan Trust and Hampden & Co. He has advised the Board of Pacific Horizon that he intends to step down as Chair as soon as a suitable successor can be appointed.

Source: Franklin Templeton