The People Trust’s co-founder Daniel Godfrey has revealed the names of five members of the board of the newly-launched investment trust.
Names include a former managing director at JP Morgan Asset Management (UK) Craig Cleland, currently CQS’s head of corporate development, investment trusts, and Dougie Ferrans, the founding chief executive of Insight Investment Management and former chairman at the Investment Management Association, now IA.
Hugh Aldous, David Trenchard, Jane Tuffnell have also been named directors at The People Trust’s board.
Aldous is currently a director at fund manager Polar Capital. He is a director of other public companies listed in the UK and the US and has been a director and chairman of investment companies.
Trenchard is a consultant and holds various advisory and non-executive roles. He was formerly vice chairman of European activist investment firm Knight Vinke.
As previously reported by Fund Strategy, former founder and director of wealth management firm Ruffer Jane Tufnell is also on the board of the trust.
Godfrey says he plans to complete the board group with a total of around eight people.
He says the trust will also set up a shareholders’ committee to provide feedback to the board, scrutinise operations and costs and review remuneration and nominations.
The People’s Trust will be launched in the first quarter of next year.
By December, the trust seeks to raise at least £100,000 from founders who want join in with backing for its development costs before the IPO on the London Stock Exchange.
Godfrey has already raised £50,000 in the first week after the trust foundraising annoucement.
As previously announced, future employees of the trust will be paid a straight salary, but no bonus.