Aberforth Smaller Companies Trust plc

Board of Directors

Meet the Board who are responsible for effective stewardship of the Company’s affairs

Table of Contents

Board of Directors biographies and tenure

Richard Davidson, Chairman - Appointed: 26 January 2019

Richard is Chair of MIGO Opportunities Trust plc and Foresight Sustainable Forestry Company Plc. He is also Chair of the University of Edinburgh’s Investment Committee as well as being a Trustee of its pension scheme. Formerly, he was a Partner and Manager of the Macro Fund at Lansdowne Partners. Prior to that, he was a Managing Director and No.1 ranked investment strategist at Morgan Stanley, where he worked for 15 years. Since 2003, he has also been heavily involved in forestry investment and management.

Patricia Dimond - Appointed: 3 March 2022 and is a member of the Audit Committee

Patricia is a non-executive director and audit chair of LXi REIT Plc, and a non-executive director of Foresight VCT Plc and Hilton Food Group plc. She is a trustee of the English National Opera and the National Academy for Social Prescribing. She has had an international career with over 30 years in the consumer, retail and financial sectors. As an industry executive or strategic advisor she has worked with FTSE 100, Private Equity and Founder/Owner managed companies with a focus on finance, strategy and corporate governance. She is a McKinsey & Company alumna, CFA charter holder, has an MBA from IMD Switzerland and qualified as a chartered accountant with Deloitte, Haskins & Sells.

Julia Le Blan - Appointed: 29 January 2014 and chairs the Audit Committee

Julia is a chartered accountant and has worked in the financial services industry for over 30 years. She was formerly a tax partner at Deloitte and expert on the taxation of investment trust companies. She sat for two terms on the AIC’s technical committee and is also a director of The Biotech Growth Trust plc and JP Morgan US Smaller Companies Investment Trust plc.

Victoria Stewart - Appointed: 1 September 2020 and is a member of the Audit Committee

Victoria spent twenty two years as a fund manager, mostly with Royal London Asset Management. She was the sole manager of the Royal London UK Smaller Companies Fund from its inception in 2007, leaving in 2016 and taking up a non-executive director role with Secure Trust Bank PLC where she is chairman of the remuneration committee . She has considerable experience of managing and investing in various investment vehicles and mid and small-cap listed companies and has a strong working knowledge of performance analysis and corporate governance. She is also a non-executive director of Artemis Alpha Fund plc and JPMorgan Claverhouse Investment Trust plc.

Martin Warner - Appointed: 1 March 2018

Martin co-founded Michelmersh Brick Holdings plc in 1997 and served as Chief Executive and subsequently non-executive Chairman from May 2017. He is a Fellow of the Royal Institute of Chartered Surveyors and is Chairman of the Brick Development Association.