Karl Sternberg will succeed Jean Matterson as chairman of Capital Gearing Trust (CGT).

Karl was a founding partner of institutional asset manager Oxford Investment Partners, which was acquired by Towers Watson in 2013. Prior to that, he held a number of positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004 including chief investment officer for London, Australia, Europe and the Asia Pacific. Since 2006 he has developed his non-executive director career, with a focus on investment management and the investment trust sector in particular. From 2010 to 2015 he was a non-executive director of Friends Life Group plc where he was chairman of the Investment Oversight Committee. He was chairman of JPMorgan Income & Growth Investment Trust plc until November 2016 and the senior independent director of Alliance Trust PLC until December 2021. He was a non-executive director of Lowland Investment Company plc until December 2021 and of Herald Investment Trust plc until April 2024.

Currently, he is chairman of The Monks Investment Trust plc, Clipstone Industrial REIT plc (listed in the Channel Islands), and Apax Global Alpha Limited, and a non-executive director of Howard de Walden Estates. He will be retiring as chairman and from the board of The Monks Investment Trust plc in September 2025.

CGT : Karl Sternberg is the new chair of Capital Gearing Trust