Polar Capital Global Financials Trust (PCFT) has announced that Mr. Simon Cordery has been appointed as an independent, non-executive director, with effect from 1 July 2019. Mr. Cordery has considerable and detailed knowledge of the investment trust industry and remains actively involved with the Association of Investment Companies. A resolution proposing the election of Mr. Cordery as a non-executive director will be put to shareholders at the next Annual General Meeting of the Company due to be held in April 2020.
About Simon Cordery
Mr. Cordery has almost 40 years’ experience working within financial services of which nearly 30 years have been focused on the wealth management industry. Until recently, he was Head of Investor Relations and Sales at BMO Global Asset Management (formerly F&C Asset Management), where he spent almost 25 years in senior roles, and previously he held roles with Invesco Fund Managers, Jefferies & Co, Kleinwort Benson Securities and Rea Bros Merchant Bank.
Comments from Robert Kyprianou, Chairman of Polar Capital Financials Trust
“We are delighted that Simon has agreed to join the Board. We undertook a full recruitment process and were fortunate to have some incredibly talented candidates to select from. We look forward to working with Simon over the remaining life of the Trust, including our discussions on potential reconstruction plans.”
About Polar Capital Financials Trust
Polar Capital Global Financials has a fixed life that expires in May 2020. It seeks to generate a growing dividend income together with capital appreciation for investors. Polar Capital Global Financials will seek to achieve its objective by investing primarily in a global portfolio consisting of listed or quoted securities issued by companies in the financials sector operating in the banking, insurance, property and other sub-sectors.
We have written a note that explains, in some detail, how the trust works and how the managers go about achieving the objective –
“Don’t fear a slowing economy”, published in April 2019, looks at how banks have lagged in markets making it crucial for PCFT to be designed to offer an attractive and growing yield
You can access the company’s website here