Karl Sternberg to Succeed Jean Matterson as Chairman of Capital Gearing Trust

Strategic Insights -

Karl Sternberg, a seasoned investment professional with a rich career spanning over three decades, will take the reins as chairman of Capital Gearing Trust (CGT) following the departure of Jean Matterson. Sternberg's extensive experience in the investment management sector, including his tenure as chief investment officer at Morgan Grenfell/Deutsche Asset Management and his non-executive director roles at various prominent companies, positions him well to lead CGT. His transition comes as the trust continues to navigate the complexities of the investment landscape.

Key Takeaways:

  • Karl Sternberg will succeed Jean Matterson as chairman of Capital Gearing Trust, bringing a wealth of experience in investment management and non-executive director roles.
  • Sternberg's career spans over three decades, with notable positions including chief investment officer at Morgan Grenfell/Deutsche Asset Management and non-executive director roles at JPMorgan Income & Growth Investment Trust plc and Alliance Trust PLC.
  • He has held numerous non-executive director positions, including at Friends Life Group plc, Lowland Investment Company plc, and Herald Investment Trust plc.
  • Currently, Sternberg serves as chairman of The Monks Investment Trust plc, Clipstone Industrial REIT plc, and Apax Global Alpha Limited, as well as a non-executive director of Howard de Walden Estates.
  • Sternberg will retire as chairman and from the board of The Monks Investment Trust plc in September 2025.
  • His extensive experience and network will be valuable assets to CGT as it navigates the investment landscape.

Statistics:

  • 1992-2004: Karl Sternberg held various positions at Morgan Grenfell/Deutsche Asset Management.
  • 2010-2015: He served as a non-executive director of Friends Life Group plc.
  • 2010-2016: He was chairman of JPMorgan Income & Growth Investment Trust plc.
  • December 2021: He retired as senior independent director of Alliance Trust PLC and non-executive director of Lowland Investment Company plc.
  • April 2024: He stepped down as non-executive director of Herald Investment Trust plc.
  • September 2025: Karl Sternberg will retire as chairman and from the board of The Monks Investment Trust plc.

Sources:

  • Association of Investment Companies press release
  • Oxford Investment Partners' acquisition by Towers Watson (2013)
  • Morgan Grenfell/Deutsche Asset Management's organizational structure (referenced in the press release)
  • Friends Life Group plc's board composition (referenced in the press release)
  • JPMorgan Income & Growth Investment Trust plc's board composition (referenced in the press release)
  • Alliance Trust PLC's board composition (referenced in the press release)
  • Lowland Investment Company plc's board composition (referenced in the press release)
  • Herald Investment Trust plc's board composition (referenced in the press release)
  • The Monks Investment Trust plc's board composition (referenced in the press release)
  • Clipstone Industrial REIT plc's organizational structure (referenced in the press release)
  • Apax Global Alpha Limited's organizational structure (referenced in the press release)
  • Howard de Walden Estates' organizational structure (referenced in the press release)