New job on board first of many
From SHEEL KOHLI in London
SIR Hamish has picked up his first non-executive directorship.
He is to immediately join the board of the GBP25 million (HK$298 million) Scottish Oriental Smaller Companies fund, managed by the Scottish fund management group, Stewart Ivory.
The appointment comes while Sir Hamish awaits a decision from the World Trade Organisation as to whether he has been granted a much coveted position on the Appellate Body of the Dispute Settlement Body.
Scottish Oriental, which was only launched in March, aims to achieve long term capital growth through exposure to small companies in the region. It does not have a Hong Kong office.
Yesterday its shares were trading at 102 pence, a slight drop on the fund's net asset value of 104.5 pence.
The fund's board is made up entirely of non-executives.
Sir Hamish will share the boardroom with Janet Morgan, director of Cable and Wireless, David Pike, chairman of Brewin Dolphin fund managers, Stanley Rowan, a director of merchant bank Singer and Friedlander, and Ivor Guild, an Edinburgh lawyer.
Sir Hamish is expected to pick up several more non-executive directorships.