The board of Seneca Global Income & Growth has announced that Seneca Investment Managers Ltd has informed it of a prospective change in the composition of its investment team, as Alan Borrows intends to retire at the end of this calendar year.
Over the last two years, led by Chief Investment Officer Peter Elston, your Manager has operated a team based investment approach with each member of the five-strong investment team contributing to the company’s portfolio management through their specific research responsibilities. Reflecting Peter’s leadership and the structure of the investment team, Seneca Investment Managers will not be directly replacing Alan, though it will supplement the investment team in due course.
The board would like to record its gratitude to Alan for his service and wishes him a long and happy retirement when it arrives at the end of the year. The board is very comfortable with Seneca Investment Managers’ succession planning and confident that its team structure, under Peter’s leadership, bodes well for the company’s future.
SIGT : Alan Borrows to retire from Seneca