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AIC Elects Rachel Beagles As Chair

The Association of Investment Companies (AIC) is pleased to announce that Rachel Beagles has been voted Chairman-elect of the AIC, with William Hemmings voted Deputy Chairman-elect. Their positions will come into effect after the AIC’s AGM on Wednesday 17 January 2018.

Commenting on her appointment as Chairman-elect, Rachel Beagles said: “I am very much looking forward to becoming chairman of the AIC.  Having been an investment company director since 2006 and on the organisation’s board since January 2015, it is an honour to have been voted Chairman-elect of the AIC.

“The AIC plays a vital role in the investment company industry, promoting the merits of the investment company sector and tackling the regulatory issues. I believe passionately in the attractions of investment companies and I am so pleased to have been given the opportunity to represent the AIC’s members’ interests. I look forward to being involved in the next stage of the industry’s development.

“I would particularly like to pay tribute to the current chairman, Peter Arthur, for the major contribution he has made to the AIC."

Commenting on his appointment as Deputy Chairman-elect, William Hemmings said: “I am delighted to have been voted Deputy Chairman-elect of the AIC, having been involved with the management of investment companies for over 25 years.  I hope that I have been able to provide constructive input to the Board over the years and I look forward to continuing to do so.”

Current AIC Chairman, Peter Arthur, said: “It has been a privilege being Chairman of the AIC for the past three years and I am grateful for this opportunity. The investment company industry has grown from strength-to-strength, and I’m sure the AIC will continue its hard work to ensure the industry and its shareholders prosper.

“I am so pleased about Rachel and William’s appointments as Chairman-elect and Deputy Chairman-elect, respectively, and wish them every success in their roles.”