Martin Currie chairman Gourlay retires

14 August 2012 | By Gary Jackson

Malcolm Gourlay has retired as chairman of Martin Currie, prompting changes at the main board of the Edinburgh-based asset manager.

Gourlay stepped down from the board after serving as its chairman for seven years. He has been with the company for a total of 13 years.

Rich DeMartini and David Shearer, who have sat on the main board as directors for several years, have been appointed as co-chairmen.

Gourlay says: “Rich DeMartini and David Shearer are already proven members of our main board. They have a strong mix of skills and experience that will enable them to lead the company through the implementation of its strategic plan and, alongside our other non-executive directors, provide effective governance on key issues.

“I am confident that I am leaving the board in very capable hands.”

Martin Currie also says the transition of head of investment responsibilities from James Fairweather to John Pickard is now complete.

These changes, which are part of the new operational structure Martin Currie announced earlier in the year, enable Pickard to assume full board responsibilities for the investment team.

The firm also announced that non-executive director David Watts has retired from the board after ten years.

Furthermore, Alex Rose, Graham Thomas and Carol Sergeant has joined the board. Rose and Thomas’ appointments are subject to FSA approval.

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