Capital Gearing Trust has named Karl Sternberg (pictured) as a non-executive director, who will take up the role on 5 September.
Sternberg is currently chair of Monks Investment Trust and Clipstone Industrial Reit, and Apax Global Alpha, while he also sits on the boards of Jupiter Fund Management plc and Howard de Walden Estates as a non-executive director.
During his career, Sternberg was a founding partner of institutional asset manager Oxford Investment Partners, acquired by Towers Watson in 2013. He has also held a number of positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004 including as CIO for London, Australia, Europe and the Asia Pacific.
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He was previously chair of JP Morgan Income & Growth Investment Trust until November 2016 and the senior independent director of Alliance Trust PLC until December 2021.
Capital Gearing Trust chair Jean Matterson said: “My fellow directors and I are delighted to welcome Karl Sternberg to the board.
“He brings extensive experience and expertise in both investment management and the investment trust sector, which will complement and strengthen the skills and experience of the rest of the board.”
