Rainbird, a former parliamentary aide to ex-Liberal Democrat leader Dr David Steel, leaves PI after seven-and-a-half years at the agency, where AITC is his client.
‘[Rainbird] has contributed to our public affairs successes such as including investment trusts in child trust funds,’ said AITC comms director Annabel Brodie-Smith.
He joins in the next couple of months and will report to AITC director-general Daniel Godfrey.
According to Brodie-Smith, one of Rainbird’s key tasks concerns a consultation paper the Government has put out on shaping the development of property investment funds. The AITC wants them structured as investment trusts, which have a closed-end structure that the organisation deems appropriate for property.
He will also contribute to the trade body’s overall aim of raising the profile of investment trusts.
The AITC was formed in 1932 and is funded by the investment trust companies it represents.
There are more than 300 investment trusts responsible for the management of billions of pounds worth of assets on behalf of investors.