Collins Stewart eyes Ingram

Tim Ingram, chief executive of Caledonia investment trust, has been tipped as a new non-executive director at Collins Stewart. The company is looking to recruit two new board members after Terry Smith, its current chairman, announced his intention to step down from the role. Ingram, former managing director of Abbey National, has run Caledonia since 2002 and is also a non-executive at Sage and Savills.