- Law Debenture Corporation chairman Douglas McDougall has decided to stand down at the conclusion of the annual general meeting on 10 April.

The company says he leaves after 15 years' of dedicated and professional service during which he has made an incomparable and indelible contribution to the success of Law Debenture.

Christopher Smith will succeed him as chairman.

Law Debenture also announced the appointment of Mark Bridgeman as a non-executive director with effect from 15 March.

Bridgeman pent 19 years with Schroder plc as an analyst and then fund manager, rising to become global head of research.

He left Schroders in 2009 to manage a rural estate and farming business in Northumberland.

He retains close links with the fund management industry and is a non-executive director of JP Morgan Brazil Investment Trust, The Eastern European Trust plc (managed by Blackrock), and North East Finance (Holdco) Limited, a venture capital fund of funds targeting SMEs in the North East of England. He is also on the boards of two charities.

At 9:23am: [LON:LWDB] Law Debenture Corp (The) share price was -2.55p at 462.95p

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