Schroder Orientl Inc - Directorate Change
24/10/2024 07:02
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RNS Number : 3848J Schroder Oriental Income Fund Ltd 24 October 2024
24 October 2024
Directorate change
The Board of Schroder Oriental Income Fund Limited (the "Company") is pleased
to announce that Nick Winsor has been selected to succeed Paul Meader as Chair
of the Company, with effect from the Annual General Meeting ("AGM") to be held
on 3 December 2024, subject to Mr Winsor's re-election as a director at the
AGM.
Paul Meader will not seek re-election to the Board at the forthcoming AGM.
This appointment followed a thorough Chair succession planning process led by
Alexa Coates, Senior Independent Director. Nick was appointed to the Board in
March 2020 and was appointed as chair of the Nomination and Remuneration
Committee in November 2020. The Board has taken into account Mr Winsor's
experience in financial services in Asia and Europe and his knowledge of the
Company and experience on the Board.
Nick has more than 35 years of retail and commercial banking experience with
HSBC Group in a number of international markets. Nick is a non-executive
director of Metro Bank plc and Metro Bank Holdings plc and a member of the
latter's Risk Oversight and Audit committees. He is also the Senior
Independent Director of the States of Jersey Development Company, Chair of the
Remuneration and Nomination Committee and a member of the Audit and Risk
Committee. Nick is a non-executive director of Bankers without Boundaries, a
not for profit investment bank, and the Chair of Autism Jersey.
The Board thanks Mr Meader for his invaluable contribution and highly
effective leadership of the Board to date.
Commenting on the appointment, Alexa Coates, Senior Independent Director,
said:
"We are delighted to announce the appointment of Nick as chair of our Board.
Based in Asia and having worked in many countries across the region, Nick
brings a wealth of knowledge and experience of the region combined with a
strong track record in leadership positions and more recently as a
non-executive director."
Nick Winsor, incoming Chair, said:
"I am delighted to succeed Paul as Chair of the company and would like to
thank the board for this appointment. I look forward to working with my
colleagues to make the most of the exciting opportunities in the markets in
which we operate and the investment trust sector more broadly."
Enquiries:
Matthew Riley
Schroder Investment Management
Limited
Tel: 020 7658 6596
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