Templeton Emerging Markets Investment Trust appoints Chairman-Elect

London, 6 October 2023: Templeton Emerging Markets Investment Trust (TEMIT¹) is delighted to announce that Angus Macpherson has been appointed to the Board as a non-executive Director (NED), effective 6 October 2023.  He will take on the role of Chairman of the Company on the 1 January 2024 and will work closely with the current Chairman Paul Manduca, who is retiring after over eight years on the board, to ensure an orderly handover of responsibilities.

Angus Macpherson commented: “I am excited to be joining the Board of Templeton Emerging Markets Investment Trust and look forward to working with the other non-executive directors and the manager. TEMIT has been at the forefront of emerging markets for over 30 years. It has a strong long-term performance which has helped it to grow to be the largest emerging markets investment trust in the UK. Paul Manduca has made an outstanding contribution during his tenure as Chairman which, with the help of the Board, I hope to build on.”

Paul Manduca, TEMIT’s Chairman said: “I am delighted that Angus has agreed to join the Board in October and succeed me as Chairman in January. He is a first-class choice to be the next Chairman and I wish both him and the Company the very best for the future.” 

Angus Macpherson has extensive experience of investment trusts as a non-executive Director and Chairman. He is Chief Executive of Noble and Company (UK) Limited, an independent boutique Scottish corporate finance business. He was based in Asia between 1995 and 2004 in Singapore and Hong Kong, latterly as head of capital markets and financing for Merrill Lynch for Asia.  He is currently Chairman of Pacific Horizon Investment Trust, Henderson Diversified Income and a director of Schroder Japan Trust and Hampden & Co. He has advised the Board of Pacific Horizon that he intends to step down as Chair as soon as a suitable successor can be appointed.

For more information on the TEMIT Board of Directors, please visit: Board of Directors | Templeton Emerging Markets Investment Trust (temit.co.uk)

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Contacts:

Notes to Editors:

1. TEMIT is a closed-end investment trust with approximately £1.94 billion of assets under management (as of August 31, 2023) managed by Franklin Templeton. It is listed on the London Stock Exchange (TEM).  The price of shares in TEMIT and income from them can go down as well as up and you may not get back the full amount that you invested. Past performance is not an indicator, nor a guarantee of future performance. Currency fluctuations will affect the value of overseas investments. When investing in a fund denominated in a currency other than sterling, performance may also be affected by currency fluctuations. In emerging markets, the risks can be greater than in developed markets. Please consult your professional adviser before deciding to invest.

This press release is intended to be of general interest only and does not constitute professional advice. Franklin Templeton and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.

Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes.

Issued by Franklin Templeton Investment Management Limited, (FTIML). FTIML is authorised and regulated in the United Kingdom by the Financial Conduct Authority.

For more information on TEMIT please visit our website www.temit.co.uk.

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