The Board of The City of London Investment Trust plc announced the appointment of Mr. Robert Edward (Ted) Holmes as a non-executive director with effect from 1 January 2018. Mr. Holmes will also be a member of both the audit committee and the nominations committee. Ted Holmes, CFA, joins the Board following a twenty year career at UBS Asset Management. During that time, Ted worked as a Managing Director in both the Chicago office (previously Brinson Partners) and London office (previously Phillips and Drew) in a variety of positions, from analyst to European Head of Equities. The company further announced that Mr. David Brief will retire from the Board on 5 April 2018, having joined the Board on 1 January 2009.