Meet the team | abrdn Equity Income Trust plc

Thomas Moore

Investment Manager

Thomas is an Investment Director within the UK equities team. He began his career in 1998, joining Schroder Investment Management as Assistant Fund Manager, UK Equities. He joined the company in 2002 as an Investment Analyst. He then managed EMEA portfolios before moving to the UK equities team in 2006. His responsibilities include managing the UK Equity Income Unconstrained Fund, an institutional fund, the abrdn Equity Income Trust and analysing the banks and financial services sectors. Thomas began managing the abrdn Equity Income Trust in November 2011.

Iain Pyle

Investment Director

Iain has been an Investment Director in the UK & European equities team at abrdn since 2015. He is the lead manager of Shires Income PLC and is deputy manager of Murray Income Trust PLC and abrdn Equity Income Trust plc. Within his role, he manages the UK Equity High Income Fund amongst other funds and has sector responsibility for energy and banks. Iain has been covering analyst for the pharmaceutical and healthcare sectors. Prior to joining the company, Iain was a Vice President on the number one ranked European Oil & Gas research team at Sanford Bernstein from 2007. He also worked as a management consultant at PwC. Iain holds an MSc in Operational Research, a Masters in Chemical Engineering, is a CFA charterholder and is a qualified accountant.

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Sarika Patel

Chair

Appointed to the Board on 1 November 2019, and as Chair on 2 February 2023, Sarika Patel is a business leader with nearly 30 years' experience. She is a Chartered Accountant and a Chartered Marketer. Sarika Patel is a non-executive director of SDCL Energy Efficiency Income Trust plc and of Foresight Sustainable Forestry Company.

Previously a partner at Zeus Caps, Sarika has been on a host of public and private sector boards. She is currently Chair of Action for Children, one of the UK's leading charities for children, and a Board Member of the Office for Nuclear Regulation where she chairs the Audit, Risk and Assurance Committee.

Caroline Hitch

Non-Executive Director

Appointed to the Board on 1 January 2017 and as Chair of the Remuneration & Management Engagement Committee on 5 February 2021, Ms Hitch is also Senior Independent Director of Schroder Asian Total Return Investment Company plc and Chair of CQS New City High Yield Fund Ltd. Her career in financial services was mainly with the HSBC group and most recently she was Head of Wealth Portfolio Management at HSBC’s asset management arm with investment responsibility for their flagship retail multi asset funds. She has worked in London, Jersey, Monaco and Hong Kong.

Jeremy Tigue

Senior Independent Director

Appointed to the Board on 1 October 2014 and as the Senior Independent Director with effect from 15 December 2016. Mr Tigue is a Non-Executive Director of The Mercantile Investment Trust plc and The Monks Investment Trust PLC. He was the Fund Manager of Foreign & Colonial Investment Trust PLC from 1997 to June 2014 and a Director of the Association of Investment Companies ("AIC") from 2003 to 2013.

Mark Little

Non-Executive Director

Mark was appointed to the Board on 1 August 2022. He is a non-executive director and also chairs the audit committees of BlackRock Smaller Companies Trust plc, the Majedie Investment Trust Plc and Securities Trust of Scotland Plc. He was previously Investment Director at Seven Investment Management and a non-executive director (and audit committee chairman) of Sanditon Investment Trust plc. Mr Little began his career in the investment industry as a fund manager with Scottish Widows Investment Management after qualifying in 1991 as a chartered accountant with Price Waterhouse. He subsequently worked as Global Head of Automotive Research for Deutsche Bank and Managing Director of Barclays Wealth (Scotland and Northern Ireland), a position that he held for eight years until 2013.

Nick Timberlake

Non-Executive Director

Appointed to the Board on 1 August 2023. Mr Timberlake has over thirty years experience in the asset management industry as a Portfolio Manager, he was with HSBC Global Asset Management between 2005 and 2020, initially as Global Head of Emerging Markets Equities and then Head of Equities. Previously he was a Director of F&C Investment Management and has spent the last 30 years investing in equities. He is a Non-Executive Director of the India Capital Growth Fund and CT Automotive plc. He is a partner in Panorama Property Investments LLP. Nick is a member of the CFA Institute and CFA Society of the UK.