UPDATE 1-Alliance Trust steps up search for independent non-exec

April 14, 2015 9:16 AM

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April 14 (Reuters) - Alliance Trust is speeding up the search for a new independent non-executive director and will consider any candidates put forward by shareholders, it said on Tuesday, in a move that could head off a more radical board shake-up proposed by a rebel investor.

Elliott Advisors, which has made a string of criticisms of 127-year-old British investment company, has called on it to appoint three new independent directors, with shareholders due to vote on its nominations on April 29.

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