BIT - Company Update

THE BANKERS INVESTMENT TRUST PLC

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

3 September 2025

THE BANKERS INVESTMENT TRUST PLC
(“the Company”)

Company Update
The Board of The Bankers Investment Trust PLC is pleased to announce that Richard Clode has
been appointed Co-Fund Manager of the Company’s portfolio alongside Alex Crooke with effect
from today, 3 September 2025.
Richard will also assume management of the Company’s North American portfolio from 31 October
2025.
Richard joined Janus Henderson as a Portfolio Manager in 2014. He has 22 years’ investment
experience and a proven track record of performance. The Global Technology Leaders fund, which
he co-manages, has been top quartile over 1, 3 and 5 years under his tenure, returning more than
500%
1
over the last decade. Richard started his career at Herald Investment Trust where he was
a Portfolio Manager, and later held roles at Gartmore, Moore Capital and Pioneer Investments.
Following a two-month handover period, Richard will take over portfolio management of the
Company’s North American sleeve, where his significant experience investing in technology will
be particularly valuable, given the dominance of tech in driving growth across the US market.
Technological advancements continue to create opportunities beyond the tech sector, particularly
as we enter a period of accelerated AI disruption which will impact a broad range of industries on
a global scale, ranging from transportation to manufacturing. Richard’s comprehensive
understanding of this landscape will be hugely valuable in identifying those opportunities across
global equity markets in the years ahead.
Simon Miller, Chair of The Bankers Investment Trust PLC, said: “The Board welcomes Richard
in his new role as Co-Fund Manager, to which he brings many years of experience and a proven
track record of performance. The Board look forward to working closely with both Richard and Alex,
whose combined expertise will be of great value to the Company and its shareholders.”

1
Morningstar 31st July 2025

Alex Crooke, Co-Fund Manager of The Bankers Investment Trust PLC, said: “Having worked
closely with Richard for 9 years, I have seen first-hand the depth of his knowledge and his ability
to harness it effectively in order to deliver for his clients. I know that he will be a brilliant addition to
the team and I look forward to working alongside him as Co-Fund Managers.”


For further information, please contact:

Alex Crooke
Fund Manager
The Bankers Investment Trust PLC
Telephone: 020 7818 4447

Dan Howe
Head of Investment Trusts
Janus Henderson Investors
Telephone: 020 7818 1818

Harriet Hall
PR Director, Investment Trusts
Janus Henderson Investors
Telephone: 020 7818 2919