Katherine Garrett-Cox shortlisted for award

ALLIANCE Trust chief executive Katherine Garrett-Cox, who is fighting attempts by an activist investor to shake up the Dundee-based firm’s board, is in the running for a prestigious award.

Katherine Garrett-Cox is fighting attempts by an activist investor to shake up the Alliance Trust Board. Picture: Jane Barlow

The Veuve Clicquot business woman of the year will be named on 11 May, and Garrett-Cox has been shortlisted along with Julia Peyton-Jones, director of the Serpentine Galleries in London, and Justine Roberts, founder of Mumsnet.

Today’s shortlist came after it emerged that former Alliance Trust non-executive Tim Ingram would be voting in favour of hedge fund Elliott Advisors’ bid to install three new directors on the firm’s board.

Ingram, who served as a director at Alliance Trust from 2010 to 2012, is chairman of the Wealth Management Association. In an open letter to shareholders, he said: “The overall performance of Alliance Trust in the medium term has been dismal.”

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