The Finsbury Growth & Income Trust has appointed Kate Cornish-Bowden and Lorna Tilbian as non-executive directors of the investment trust, managed by Nick Train.
Cornish-Bowden used to be head of Morgan Stanley Investment Management’s global equities team, while Tilbian is a former executive director at Numis.
Both have experience as directors on VCTs, with Cornish-Bowden on the board of Calculus, while Tilbian serves on the ProVen VCT. She is also on the Jupiter UK Growth investment trust board.
Before Morgan Stanley Investment Management, Cornish-Bowden was a research analyst at M&G Investments. She is also a director at Scancell and Arcis Biotechnology.
Finsbury Growth & Income trust chairman Anthony Townsend says: “We are very pleased to have appointed directors with extensive industry and financial expertise.”
Shareholders will vote on the appointments at the AGM in January 2018.
The investment trust has doubled the returns of the UK Equity Income sector over three years, returning 60.4 per cent compared to the sector’s 29.3 per cent.