Former investment banker to join Scottish Mortgage Investment Trust

Scottish Mortgage Investment Trust has appointed Justin Dowley to its board.

The FTSE 250 firm said Dowley would join as a non-executive director.

Dowley has been head of Investment Banking at Merrill Lynch Europe, a director at Morgan Grenfell and a founding partner of Tricorn Partners.

In an announcement, Scottish Mortgage said Dowley was current chairman of Intermediate Capital Group plc and a non-executive director of Melrose Industries plc, the National Crime Agency and a number of private companies.

The appointment was to be ratified by shareholders at the next annual general meeting.

Shares in Scottish Mortgage were up 0.53% to 266.90p at 0940 BST on Tuesday.