Edinburgh Worldwide confirms chair appointment, committee composition

Fri, 08th May 2026 11:19

(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Friday said the new board plans to keep the investment trust's committee structure for the time being, after Saba Capital Management LP succeeded in ousting EWIT's board last week.

On Thursday last week, after a stand-off which has lasted more than a year, resolutions to re-elect EWIT's existing board and chair, Jonathan Simpson-Dent, did not pass, as 61% of votes were cast against with around 39% in favour.

Around 63% of votes were cast in favour of Saba's nominees, Gabriel Gliksberg, Jassen Trenkow and Michael Joseph. The three directors took over the board on Thursday.

On Friday this week, Edinburgh Worldwide confirmed it has appointed Gabriel Gliksberg as chair of the board. Gliksberg is the founder and managing partner of ATG Capital Management, and the investment trust noted his over 15 years of investment management experience and prior service as a board member of Safe Auto Insurance Group PLC and the Tortoise Energy Independence Fund.

The investment trust said Jassen Trenkow, a former finance and banking executive with experience at Goldman Sachs Group Inc and Barclays PLC, will chair the audit and management engagement committee, with it initially comprising Jassen Trenkow and Michael Joseph.

Edinburgh Worldwide said Michael Joseph is a portfolio manager and deputy chief investment officer at Stansberry Asset Management.

Michael Joseph is set to chair the nomination committee, said Edinburgh Worldwide, noting this will be comprised of all board members.

"The board as a whole will continue to perform the functions which would otherwise be performed by a separate remuneration committee," said Edinburgh Worldwide.

On future board appointments, the investment trust said it plans to appoint a recruitment consultancy to aid with the hiring of additional directors, with it anticipating at least one new director to join the audit and management engagement committee.

Edinburgh Worldwide adds that Deutsche Numis remains as broker and Baillie Gifford as its investment manager and company secretary.

"The board is in agreement that ensuring orderly governance and operational continuity is a key priority and look forward to engaging constructively with Baillie Gifford, Deutsche Numis, shareholders and other stakeholders," noted Gliksberg.

By Christopher Ward, Alliance News reporter

Comments and questions to newsroom@alliancenews.com