Witan manager to step down this month

Christopher Clarke is standing down as executive managing director of Witan at the end of June. Clarke has been closely involved in the managing of the trust since joining Henderson in 1974. James Robinson is to take over as manager of the trust. Robinson is currently head of international equities, having joined Henderson Investors as head of the Far East team. The change in management is unlikely to have a negative impact on the performance of the trust as the underlying team will remain unchanged. Stock selection decisions will remain in the hands of David Thornton and Richard Smith...