New India Investment Trust Plc

New India Investment Trust Plc

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: United Kingdom

: | London Stock Exchange: NII

Objective of New India Investment Trust Plc: The objective of New India Investment Trust PLC is to achieve long-term capital appreciation by investing in companies which are incorporated in India or which derive significant revenue or profit from India, with dividend yield from the company being of secondary importance. This emphasis on long-term capital appreciation will be demonstrated by benchmarking the Company’s net asset performance against the Morgan Stanley Capital International India Index (in Sterling terms).

About Aberdeen Asset Management Plc: Aberdeen Asset Management Plc is a global investment management group that manages assets for both institutional and retail clients from offices around the world. The company operates independently and only manages assets for third parties, allowing it to focus solely on their needs without conflicts of interest. Its clients access investment expertise across the three asset classes including equities, fixed income and property. The company was founded on July 1, 1983 and is headquartered in Aberdeen, UK.

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A broad-based portfolio of quality companies

New India Investment Trust Plc video

A broad-based portfolio of quality companies

New India Investment Trust Plc video

Asian Equities: Quality and value in focus

New India Investment Trust Plc video

Asian Equities: Opportunities for careful investors


Hasan Askari, Chairman and Independent Non-Executive Director
Appointed a Director on 21 September 2012 and Chairman on 11 September 2014. Mr Askari has been an investment banker since 1975, initially with SG Warburg & Co. Ltd. (now UBS Ltd.) and subsequently, with JP Morgan Chase Investment Bank in Hong Kong and Barclays Capital in Tokyo and London. He was most recently at Old Mutual plc., London, as a member of the Executive Committee responsible for the United Kingdom and Europe and later, for Asia-Pacific. He is a senior adviser to the Kotak Mahindra Group, one of India's leading banking groups and on the Board of Sun Life of Canada (UK) Limited. He has an M.A. (Oxon). He is Chairman of Aqua Resources Fund Limited.
Rachel Beagles, Independent Non-Executive Director
Rachel Beagles worked in financial markets, primarily in equity research and sales from 1990 until 2003. She was co-head of the Pan European Banks Equity Research and Sales Team and a Managing Director of Corporate and Investment Banking Group Division at Deutsche Bank AG from 2000 to 2003.

She is a non-executive director of Blackrock Emerging Europe plc, Crown Place VCT plc, Schroder UK Mid Cap Fund plc and Securities Trust of Scotland plc.
Stephen White, Independent Non-Executive Director
Relevant experience and other directorships
Stephen White is Head of European and US equities at British Steel Pension Fund, responsible for the day to day management of the Fund's Europe ex-UK and US equity portfolios. He is a Chartered Accountant and is a non-executive director of JP Morgan European Smaller Companies Trust plc.

He was a non-executive director of Global Special Opportunities Trust Plc. He was formerly Director and Head of European Equities at Foreign & Colonial Investment Management, Manager of Foreign & Colonial Eurotrust PLC and Deputy Manager of the Foreign & Colonial Investment Trust Plc. Prior to joining Foreign & Colonial in 1985, he held positions at Hill Samuel Asset Management, Phillips & Drew and Price Waterhouse.
Michael Hughes, Independent Non-Executive Director
Mr Hughes joined the Board on 7 September 2016. He is a Director of T. Bailey Asset Management Limited and acting investment consultant to various family offices and charities. He was a Director of Baring Asset Management Limited from 1998, and Chief Investment Officer from 2000, until his retirement in 2007. Prior to this, he was Managing Director of Barclays Capital (previously BZW) and Chairman of the Board of pension trustees. Before ‘Big Bang’ he was a Partner at stockbrokers de Zoete and Bevan. Mr Hughes is a director of JPMorgan Mid Cap Investment Trust plc.

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