Lord Smith CA new chair of Alliance Trust
Alliance Trust announces former ICAS president Lord Smith’s appointment as chair.
Alliance Trust has announced the appointment of Lord Smith of Kelvin CA as its new chair.
Lord Smith - who is current chair of the Green Investment Bank, Forth Ports and IMI - is expected to take up his new role on 1 February. He replaces Karin Forseke, who stepped down from the role in November.
At that time, Alliance Trust said it would “implement a number of significant changes intended to position the company better to deliver consistent outperformance in a cost-effective manner”.
Gregor Stewart, who acted as interim chair, will become deputy chair at the investment and savings trust.
Lord Smith’s distinguished career includes positions as chair of Weir Group and SSE, and as chief executive, then vice-chair of Morgan Grenfell Asset Management.
He was chair of the Glasgow 2014 Commonwealth Games and chaired the commission on further devolution following the Scottish Independence Referendum.