James Will named chairman of Scottish Investment Trust

James Will succeeds Douglas McDougall as SIT chairman
James Will succeeds Douglas McDougall as SIT chairman
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The former chairman of law firm Shepherd and Wedderburn has taken the helm of the Scottish Investment Trust (SIT).

Will, who joined SIT’s board in May 2013 as a non-executive director, succeeds Douglas McDougall as chairman of the Edinburgh-based trust, which has also announced that its total dividend payout for the year to 31 October will rise by a third to 16p a share.

“The board and I would like to thank Douglas for his leadership and contribution to the Scottish Investment Trust as a director and as chairman,” said Will, a former council member of CBI Scotland who is also a non-executive director of Herald Investment Trust. He was replaced as chair of Shepherd and Wedderburn by Paul Hally in October 2014.

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Will added: “SIT offers investors low-cost access to global investment opportunities and has a long track record of dividend growth. I look forward to working with the management team and the board to continue to provide a long-term attractive return for shareholders.”