The Board of Directors of National Investment Trust announced that Mr. Teddy Blackburn has decided to head for a new career opportunity and has resigned from his position of Chief Executive Officer of the National Investment Trust, effective 30 June 2024, after having led the Company successfully over the last three years. The Board has appointed Mr. Khooshiramsing (Vinod) Bussawah as the new Chief Executive Officer of the National Investment Trust, effective as from 01 July 2024. Mr. Bussawah is confident that with the support and guidance of the Board, the company will be able to continue its transformation into a fully-fledged fund management company, seizing business opportunities, and opening up to new partnerships and collaborations.

Mr. Teddy Blackburn will work together with Mr. Bussawah to ensure a seamless transition until the 30 June 2024. Thereafter he will remain as part-time consultant for the company.