Company Announcements

24 October 2024

Directorate change

The Board of Schroder Oriental Income Fund Limited (the "Company") is pleased to announce that Nick Winsor has been selected to succeed Paul Meader as Chair of the Company, with effect from the Annual General Meeting ("AGM") to be held on 3 December 2024, subject to Mr Winsor's re-election as a director at the AGM.

Paul Meader will not seek re-election to the Board at the forthcoming AGM.

This appointment followed a thorough Chair succession planning process led by Alexa Coates, Senior Independent Director. Nick was appointed to the Board in March 2020 and was appointed as chair of the Nomination and Remuneration Committee in November 2020. The Board has taken into account Mr Winsor's experience in financial services in Asia and Europe and his knowledge of the Company and experience on the Board.

Nick has more than 35 years of retail and commercial banking experience with HSBC Group in a number of international markets. Nick is a non-executive director of Metro Bank plc and Metro Bank Holdings plc and a member of the latter's Risk Oversight and Audit committees. He is also the Senior Independent Director of the States of Jersey Development Company, Chair of the Remuneration and Nomination Committee and a member of the Audit and Risk Committee. Nick is a non-executive director of Bankers without Boundaries, a not for profit investment bank, and the Chair of Autism Jersey.

The Board thanks Mr Meader for his invaluable contribution and highly effective leadership of the Board to date.

Commenting on the appointment, Alexa Coates, Senior Independent Director, said:

"We are delighted to announce the appointment of Nick as chair of our Board. Based in Asia and having worked in many countries across the region, Nick brings a wealth of knowledge and experience of the region combined with a strong track record in leadership positions and more recently as a non-executive director."

Nick Winsor, incoming Chair, said:

"I am delighted to succeed Paul as Chair of the company and would like to thank the board for this appointment. I look forward to working with my colleagues to make the most of the exciting opportunities in the markets in which we operate and the investment trust sector more broadly."

 

Enquiries:

Matthew Riley

Schroder Investment Management Limited                     

Tel: 020 7658 6596