Investment Committee

The Council is ultimately responsible for determining and reviewing the overall investment strategy but has delegated implementation of the strategy and operational decision-making to an Investment Committee.

The Committee consists of three members of Council and two external members with broad investment experience.

Read our Investment Policy and the Committee’s terms of reference.


Council members

External members

Nick McLeod-Clarke

Nick was a highly regarded investment manager whose investing career spanned over three decades.  He was a UK Equity specialist and was latterly head of both the Investment Trust and Charities businesses at BlackRock where he worked for over 17 years until his departure in March 2018. This business role encompassed responsibility for relationships and business development, which combines well with his long, hands-on portfolio management experience.

Register of interests

Appointed 15 April 2019

Thomasina Findlay, external member

Thomasina is currently an investment consultant, with Portfolio Review Services, a small specialist charity investment consultancy firm which works with charities to review their investment arrangements. Previously, she was Charities Client Director at BlackRock (2003-2014). She had responsibility for setting and reviewing long-term strategy and asset allocation, advising on underlying investment products and options and the ongoing reporting requirements for around 45 charities. Amongst other things, she launched the first passive Global Equity fund which excluded Tobacco.

Register of interests

Appointed 15 April 2019