Martin Currie’s Securities Trust of Scotland’s investment trust manager Ross Watson is leaving his post. The move comes after nearly 88% of shareholders voted to convert the investment trust from a U.K.-specific mandate to a global equity fund.
Watson, who has managed the fund since 2005, will be succeeded by Alan Porter. Porter currently serves as a global income specialist at Martin Currie and also handles the Martin Currie Global Equity Income Fund.
Click here for the release from Martin Currie.