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Susie Farnon joins AIC Board

16 April 2018

The Board of the Association of Investment Companies appoints Susie Farnon as a non-executive director with effect from 1 April 2018.

Commenting on the appointment, Rachel Beagles, Chairman of the Association of Investment Companies, said: “Susie brings significant experience as a chartered accountant and has a number of non-executive directorships of investment companies investing in alternative assets, which has been a growth area for the investment company industry. It is a pleasure to welcome Susie to the AIC Board and her expertise will be very valuable.”

Susie Farnon said: “It is a privilege to be joining the AIC Board. I have enjoyed being involved with investment companies for a long time and I very much look forward to contributing to the AIC and supporting the industry further.”

Susie Farnon is a non-executive director of Apax Global Alpha, BH Global, HICL Infrastructure, Real Estate Credit Investments and Standard Life Investments Property Income. Susie was a Banking and Finance Partner with KPMG Channel Islands from 1990 to 2001 and Head of Audit KPMG Channel Islands from 1999.  She is a fellow of the Institute of Chartered Accountants in England and Wales and has served as President of the Guernsey Society of Chartered and Certified Accountants and as Vice Chairman of The Guernsey Financial Services Commission.

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Notes

  1. The Association of Investment Companies (AIC) was founded in 1932 to represent the interests of the investment trust industry – the oldest form of collective investment.  Today, the AIC represents a broad range of closed-ended investment companies, incorporating investment trusts and other closed-ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s mission statement is to help members add value for shareholders over the longer term. The AIC has 349 members and the industry has total assets of approximately £173 billion.
  2. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance.  The value of investment company shares, and the income from them, can fall as well as rise.  You may not get back the full amount invested and, in some cases, nothing at all.
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