Bruce Stout has been fund manager of the 102-year-old Murray International Trust since 2004. Since then, he has reconfigured the trust’s £1 billion investment portfolio away from developed economies and towards high-yielding equities in emerging markets. Born in Dundee in 1958, Stout was educated at Carnoustie High School and the University of Strathclyde (BA Hons in economics). He started his career in industry, working for British Telecom and the General Electric Company. In 1987 he moved into asset management, working for 14 years at Glasgow-based group Murray Johnstone, before they were acquired by Aberdeen Asset Management in 2000, since when Stout has been senior fund manager responsible for global equities at Aberdeen.