Baillie Gifford’s £1 billion investment trust company Scottish American Investment Company (SAINTS) on Tuesday announced the appointment of Angus Macpherson as chairman designate and non-executive director of the company with effect from September 1, 2025.

The SAINTS fund is managed by former Scotsman business news reporter James Dow and colleague Ross Mathison. Its biggest holdings at July 31 included Microsoft, Deutsche Börse, TSMC, Procter & Gamble, Partners, Apple, CME Group, Admiral Group, Fastenal and Coca-Cola.

“Angus is Chairman of Noble and Company (UK) Limited, an independent boutique Scottish corporate finance business,” said SAINTS.

“He has over thirty-five years of investment experience, and is an experienced chairman and director of investment trusts, serving on a number of boards since 2010.

“He is currently chairman of Templeton Emerging Markets Investment Trust plc, and a non-executive director of Schroder Japan Growth Fund plc and of Hampden and Co plc.

“The appointment of Mr Macpherson falls to be ratified by shareholders at the Annual General Meeting of the company to be held in April 2026. Following the conclusion of that meeting, it is the board’s intention that he should become chairman of the board.”

Mariot Leslie, Senior Independent Director and chair of the SAINTS selection committee, said: “We are delighted that Angus has agreed to join the board and are confident that his knowledge, experience and leadership abilities will be of great benefit to SAINTS in the years ahead.”

 At August 26, 2025, Macpherson had a beneficial interest in 20,000 shares of SAINTS.