Mr Cleland was appointed as a Director with effect from 1 November 2016 and became Chairman of the Audit Committee on 31 July 2017. He is Head of Corporate Development: Investment Trusts, at CQS (UK) LLP (on a part-time basis). He is also a non-executive director of BlackRock Latin American Investment Trust plc and CC Japan Income and Growth Trust plc. He was previously at JPMorgan Asset Management (UK) Limited, latterly as Managing Director, and led their technical groups in the investment trust business. Prior to that he was a Director and senior company secretary at Fleming Investment Trust Management, transferring to JPMorgan Asset Management after Chase Manhattan Bank acquired Robert Fleming Holdings Limited.