Tributes have been paid to Hamish Buchan, one of the best-known figures in the Scottish investment trust sector over decades, following his recent death.
Mr Buchan joined Wood Mackenzie & Co as an analyst of investment trusts in 1969.
The Association of Investment Companies, which Mr Buchan chaired from 2005 to 2007 and of which he was a director from 2001 to 2011, observed today: “Over the next 30 years, without changing job, but through several changes of ownership, he developed the investment trust team into one of the leading commentators in the sector.”
Mr Buchan was a director of many investment trusts over his career including Personal Assets Trust, Aberforth Smaller Companies, Templeton Emerging Markets, The Scottish Investment Trust, Patria Private Equity, JPMorgan American and Shires Income.
He had an immense knowledge of the sector.
Read more
- Major Scottish company reveals heavyweight support in bid to see off US player
- Major Scottish company at ‘end of the road’ loses crunch vote
- Unwanted drama for major Scottish company just goes on and on
- US player ramps up campaign to oust entire board of major Scottish company
- Scottish company faces third attempt to oust board only weeks after last one
- Scottish company sees off attempt to oust board but what on earth happens now?
- Scottish investment trust reveals outcome of US bid to oust its entire board
- Scottish property company in business for more than a century reveals 'new era'
- Does Scotland need more Malcolm Offords?
- Why was state-owned Scottish shipyard ruled out of ferry contract?
Richard Stone, chief executive of the AIC, said: “Hamish was a long-standing champion of investment trusts. Through his work at the AIC and as a leading analyst and director, Hamish’s contribution to the industry was exceptional. He was a passionate and committed supporter who achieved so much for investment trusts.”
Annabel Brodie-Smith, communications director of the AIC, said: “Hamish will always be an investment trust legend. His knowledge, devotion and tireless work for the investment trust industry is unrivalled. It was a pleasure to work with such a kind and funny man. He never wasted any time on the phone but if you had a problem, he had all the time in the world. He will be very much missed.”
The AIC noted: “As chair of the AIC, Hamish steered the association through an important industry milestone, the AIC’s win at the European Court of Justice regarding VAT on management fees. Hamish was chair of the AIC’s statistics committee from 2001 to 2010 and a member of the committee for 25 years.”
Share