The Board of Ruffer Investment Company Limited (RICL or the Company) has announced the appointment of Colleen McHugh as a non-executive director, effective June 1, 2024. Mrs. McHugh brings over 25 years of international experience in investment management and banking to the role, along with a strong background in asset management and financial expertise. Her appointment to the Company’s Audit and Risk Committee and Management Engagement Committee is expected to bring valuable insights and expertise to the board.
In a statement regarding Mrs. McHugh’s appointment, the Board expressed confidence in her independence and knowledge, highlighting her extensive experience in multi-asset management for various client groups. Mrs. McHugh’s qualifications, including an economics degree, an MBA, and a CFA Institute certification in ESG investing, position her well to contribute effectively to RICL’s board.
Following the appointment of Mrs. McHugh, upcoming changes within RICL’s executive team were also outlined. Nick Pink will assume the role of RICL’s chair, Solomon Soquar will transition to Senior Independent Director, and the existing chairs of the Management Engagement and the Audit and Risk committees, Shelagh Mason and Susie Farnon respectively, will continue in their roles.
In compliance with the Financial Conduct Authority’s Listing Rules, the Company disclosed that Mrs. McHugh serves as an independent director of Real Estate Credit Investments Limited. The Company confirmed that no additional disclosures were required in connection with her appointment to RICL’s board.
The appointment of Colleen McHugh as a non-executive director signals RICL’s commitment to strengthening its leadership team with experienced professionals from the financial industry. Mrs. McHugh’s wealth of knowledge and expertise is expected to enhance the strategic direction and governance of the Company moving forward.
