AIC adds alternatives experience to board

The Association of Investment Companies (AIC) has appointed alternatives expert Susie Farnon to its board of directors.

AIC adds alternatives experience to board

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Farnon (pictured) is currently a non-executive director of Apax Global Alpha, BH Global, HICL Infrastructure, Real Estate Credit Investments and Standard Life Investments Property Income.

Between 1990 and 2001, she was a banking and finance partner with KPMG Channel Islands and head of audit KPMG Channel Islands from 1999.

Farnon is a fellow of the Institute of Chartered Accountants in England and Wales and has served as president of the Guernsey Society of Chartered and Certified Accountants.

She has also served as vice chair of The Guernsey Financial Services Commission.

Rachel Beagles, chair of the AIC, said Farnon has a number of non-executive directorships of investment companies investing in alternative assets, which has been a growth area for the investment company industry. She also praised her experience as a chartered accountant.

Farnon added: “I have enjoyed being involved with investment companies for a long time and I very much look forward to contributing to the AIC and supporting the industry further.”

The AIC said Farnon’s role was effective from 1 April 2018.

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