The Association of Investment Companies has elected Peter Arthur as the next chairman of its board, succeeding Andrew Bell.
He will take up this position in January, when current chairman Mr Bell, chief executive of Witan, will step down following two years as chairman and having served a nine year term.
Mr Arthur joined the AIC board in 2011, being elected deputy chairman in 2013. He is also chairman of Aberdeen Asian Income Fund Limited.
He was formerly a director of Isis Asset Management where, and has also served as chief European legal counsel for Franklin Templeton Global Investors and joint managing director of Edinburgh Fund Managers.
Mr Arthur said: “This is a time of significant change in the savings and investment market and whilst such change brings new challenges to our member companies and the AIC, it also offers opportunities for those bold enough to take advantage of them.
“Previous chairmen have worked tirelessly in the best interests of the association’s member companies and I would particularly like to pay tribute to my predecessor, Andrew Bell, for the major contribution he has made to the AIC.”
