Middlefield Canadian Income PCC, a London-listed investment company that invests in a broadly diversified portfolio comprised primarily of Canadian and US companies has appointment of Richard Hughes as a non-executive director.
This appointment is in line with the company’s annual financial report for the year ended 31 December 2017, in which the board outlined that it was considering the merits of refreshing its composition, as well as planning for future succession.
Hughes was previously Director of Equities (Fund Manager) at M&G Investments. He joined M&G in 1986 and has managed a number of funds including M&G Smaller Companies Fund, M&G Recovery Fund, M&G Charifund, M&G Dividend Fund and a number of M&G investment trusts.
He was a Board member of M&G Group PLC from 1994 until its take-over by Prudential PLC in 1999. He also served as a non-executive director of an M&G Investment Trust and two M&G investment companies.
Nicholas Villiers, Chairman of the Company and Dean Orrico, President of Middlefield International Limited, said: “We are delighted to welcome Richard Hughes to the Company. We have no doubt that his extensive experience and sector knowledge within the Investment Company arena will be of considerable support to the Fund as we continue to focus on providing capital growth and a stable income to our Shareholders. We look forward to Richard’s future contribution to the Fund and updating Shareholders on the progress that we are achieving.”