Murray International Trust PLC

The aim is to achieve a total return greater than its benchmark by investing predominantly in equities worldwide. Within this objective, the manager will seek to increase the Company’s revenues in order to maintain an above average dividend yield.

Morningstar rating:

A globally diversified investment trust, investing for growth and income since 1907.

Daily prices as of {{asOfDate}}

Key literature

Latest Factsheet

Annual Report

Interim Report

Savings Plan/ISA Brochure

Edison Investment Research – Edison Report Sept 2018

Read all literature

Key people

Bruce Stout

Senior Investment Manager

Education and Experience

Bruce Stout is a senior investment manager on the Global equities team. Bruce joined Aberdeen in 1987 via the acquisition of Murray Johnstone. Bruce has held a number of roles including investment manager on the emerging markets team.
Bruce graduated with a BA in Economics from the University of Strathclyde and completed a graduate training course with General Electric Company UK.

Stephen Docherty

Head of Global Equities

Education and Experience

Stephen Docherty is head of global equities, managing a team of 15, including six senior Global equity investment managers, who are responsible for Aberdeen's overall strategy towards Global equity investment, including ethical portfolios. Stephen joined Aberdeen in 1994 successfully establishing performance measurement procedures before taking up a fund management role. Previously, Stephen worked for Abbey National Plc in the Department of Actuarial Services within the Life Division.
Stephen graduated with a BSc (Hons) in Mathematics and Statistics from the University of Aberdeen.

Bruce Stout

Senior Investment Manager
Education and Experience

Bruce Stout is a senior investment manager on the Global equities team. Bruce joined Aberdeen in 1987 via the acquisition of Murray Johnstone. Bruce has held a number of roles including investment manager on the emerging markets team.
Bruce graduated with a BA in Economics from the University of Strathclyde and completed a graduate training course with General Electric Company UK.
Stephen Docherty

Head of Global Equities
Education and Experience

Stephen Docherty is head of global equities, managing a team of 15, including six senior Global equity investment managers, who are responsible for Aberdeen's overall strategy towards Global equity investment, including ethical portfolios. Stephen joined Aberdeen in 1994 successfully establishing performance measurement procedures before taking up a fund management role. Previously, Stephen worked for Abbey National Plc in the Department of Actuarial Services within the Life Division.
Stephen graduated with a BSc (Hons) in Mathematics and Statistics from the University of Aberdeen.

Dr Kevin Carter

Chairman and Independent Non-Executive Director

Education and Experience

He was previously Managing Director and Head of EMEA Pension Advisory Group at JP Morgan Securities. Prior to that Dr Carter was Head of the European Investment Consulting Practice at Watson Wyatt and formerly CEO of Old Mutual Asset Managers in both the UK and the US. He is a trustee director of the Universities Superannuation Scheme and chairman of its investment committee and performs the same roles for the BBC Pension Scheme. He is also a director of Lowland Investment Company plc, JPMorgan American Investment Trust PLC and Aspect Capital Limited.

Claire Binyon

Independent Non-Executive Director

Education and Experience

Claire is a chartered accountant who, following an early career in corporate finance in the City, has embarked on a successful career working for global multinationals in areas of corporate development, strategic planning and finance. Claire is currently group corporate development director at Fenner PLC having previously served as head of strategy and corporate development at DS Smith Plc following similar roles in other multinational companies including Cadbury plc and InBev S.A.

Marcia Campbell

Independent Non-Executive Director

Education and Experience

She was operations director at Ignis Asset Management having previously been group operations director and CEO Asia Pacific at Standard Life. She is Chairman of Woodford Investment Management’s Oversight Board, a director of CNP Assurances in France, Charles Stanley Group PLC, Sainsbury’s Bank, Canada Life Group and Canada Life International and is a member of the independent governance committee for Aviva UK and ROI.

Peter Dunscombe

Senior Independent Non-Executive Director

Education and Experience

He was previously head of pensions investment at the BBC Pension Trust and prior to that he was joint managing director at Imperial Investments Limited. He is a member of the investment committees of Reed Elsevier Pension Fund, The Nuffield Foundation and St James’s Place plc and a director of HG Capital Trust Plc and GCP Student Living plc.

David Hardie

Independent Non-Executive Director

Education and Experience

He is a corporate lawyer by background and was formerly a partner of UK law firm, Dundas & Wilson (now part of CMS Cameron McKenna), where he was a partner for over 30 years and where he previously held various positions including head of corporate, managing partner and chairman. David is also a non-executive chairman of W N Lindsay Limited.

Alexandra Mackesy

Independent Non-Executive Director

Education and Experience

She is a former investment equity research analyst by background having spent the majority of her executive career in Asia. She is a non executive director of The Scottish Oriental Smaller Companies Trust Plc and Schroder Asian Total Return Investment Co Plc and a former director of RENN Universal Growth Investment Trust Plc and Empiric Student Property Plc.

Dr Kevin Carter

Chairman and Independent Non-Executive Director
Education and Experience

He was previously Managing Director and Head of EMEA Pension Advisory Group at JP Morgan Securities. Prior to that Dr Carter was Head of the European Investment Consulting Practice at Watson Wyatt and formerly CEO of Old Mutual Asset Managers in both the UK and the US. He is a trustee director of the Universities Superannuation Scheme and chairman of its investment committee and performs the same roles for the BBC Pension Scheme. He is also a director of Lowland Investment Company plc, JPMorgan American Investment Trust PLC and Aspect Capital Limited.
Claire Binyon

Independent Non-Executive Director
Education and Experience

Claire is a chartered accountant who, following an early career in corporate finance in the City, has embarked on a successful career working for global multinationals in areas of corporate development, strategic planning and finance. Claire is currently group corporate development director at Fenner PLC having previously served as head of strategy and corporate development at DS Smith Plc following similar roles in other multinational companies including Cadbury plc and InBev S.A.
Marcia Campbell

Independent Non-Executive Director
Education and Experience

She was operations director at Ignis Asset Management having previously been group operations director and CEO Asia Pacific at Standard Life. She is Chairman of Woodford Investment Management’s Oversight Board, a director of CNP Assurances in France, Charles Stanley Group PLC, Sainsbury’s Bank, Canada Life Group and Canada Life International and is a member of the independent governance committee for Aviva UK and ROI.
Peter Dunscombe

Senior Independent Non-Executive Director
Education and Experience

He was previously head of pensions investment at the BBC Pension Trust and prior to that he was joint managing director at Imperial Investments Limited. He is a member of the investment committees of Reed Elsevier Pension Fund, The Nuffield Foundation and St James’s Place plc and a director of HG Capital Trust Plc and GCP Student Living plc.
David Hardie

Independent Non-Executive Director
Education and Experience

He is a corporate lawyer by background and was formerly a partner of UK law firm, Dundas & Wilson (now part of CMS Cameron McKenna), where he was a partner for over 30 years and where he previously held various positions including head of corporate, managing partner and chairman. David is also a non-executive chairman of W N Lindsay Limited.
Alexandra Mackesy

Independent Non-Executive Director
Education and Experience

She is a former investment equity research analyst by background having spent the majority of her executive career in Asia. She is a non executive director of The Scottish Oriental Smaller Companies Trust Plc and Schroder Asian Total Return Investment Co Plc and a former director of RENN Universal Growth Investment Trust Plc and Empiric Student Property Plc.

Financial calendar

Event	Date
Year End	31 December
Accounts published	March
Annual General Meeting	April
Dividend Paid	February, May, August, November

Trust details

Murray International Trust PLC

Registered Office:
1 George Street
Edinburgh
EH2 2LL

Registered in Scotland as an Investment Company Number SC006705

Launch Date: December 1907

Risk warning

Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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