UK - Charles Nunneley has been appointed as non-executive chairman of Edinburgh Fund Managers.
Nunneley is currently chairman of The National Trust, a position which he assumed in July 1996. Between April 1996 and July 2002 he was chairman of the Nationwide Building Society. Before that he spent 34 years at Flemings, primarily in investment management and latterly as deputy chairman. He also founded The Institutional Fund Managers Association (IFMA)
Rod MacRae, joint managing director of EFM, said: “We set out to find a group Chairman of the highest calibre.
“Our chief criteria included a deep knowledge of the fund management industry, experience in chairing major organisations through periods of change and the energy and drive to be a leader and ambassador for the group.”
EFM is desperate to rebuild its image following a string of high profile departures last year. In November Iain Watt quit as chief executive following continued pressure from major shareholders who were we exasperated at the company’s lack of strategic direction. Non-executive directors John Wright, Sir Angus Grossart, Donald MacDonald and Johnnie Blair also left EFM.
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