Ms Sarika Patel has been appointed as a Non-Executive Director, effective 1 January 2025.
Sarika Patel
Director
Ms Patel will take on the role of Chair of the Audit and Risk Committee (“ARC”) and will work closely in the coming months with Mr Jeffreys, current Chair of ARC to ensure an orderly handover of the role. Mr Jeffreys was appointed in 2016 and will retire from the Board following the conclusion of the AGM in July 2025.
Mr Angus Macpherson, Chair of TEMIT said: “I am delighted that Sarika has joined the Board, she brings proven judgement and a wealth of experience which will be of considerable value to the Trust. I would also like to thank Simon Jefferys for his contributions over many years of service and wish him well in his retirement.”
Ms Patel is currently Chair of abrdn Equity Income Trust and chairs the Audit and Risk Committee of SDCL Energy Efficiency Income Trust. She is an experienced business leader having worked as a senior corporate finance professional at Zeus Caps (a principal investment and advisory platform focused on infrastructure and related sectors operating in India, Europe and the Middle East) and Grant Thornton.
She also serves as Chair of Action for Children and as a non-executive director of the Office for Nuclear Regulation. Previously Ms Patel was Audit and Risk Committee Chair of both Foresight Sustainable Forest Company and Sequoia Economic Infrastructure Income Fund. She is a chartered accountant, a chartered marketer, and holds an LLB from the University of Mumbai and an MSC E-business from the University of the West of Scotland.
Ms Patel commented: "I am excited to join the Board of TEMIT and work alongside the distinguished members of the Board and Franklin Templeton. Emerging markets are at the forefront of a transformative period in global development, and TEMIT, as the pioneering and largest emerging markets investment trust, has established itself as a leader in the industry."
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