Alliance Trust\'s chief executive Katherine Garrett-Cox will stand down on 11 March 2016 by "mutual agreement".

 

Alliance Trust\'s existing team will continue to manage the £5 billion of funds whilst a replacement is found. Investment responsibilities are led by Peter Michaelis and the team, who joined the company in 2012, and have been managing the trust\'s equity portfolio since October 2014. Operational responsibilities will be passed to Ramsay Urquhart as managing director.

 

Ms Garrett-Cox joined Alliance Trust as chief investment officer in 2007, becoming ch...