Carolan Dobson (appointed in 2005) is the Chairman of Qinetiq's Pension Fund, a trustee of the Avon Pension Fund and an expert adviser to a number of other corporate and Local Government Pension Funds. She is also Chairman of Aberdeen Smaller Companies High Income Trust plc, a non-executive director of JP Morgan European Smaller Companies Plc, Chairman of Lomond School and a council member of Sport Scotland. She was Head of the Investment Floor at Abbey Asset Managers and a Director of Murray Johnstone and the fund manager of two award winning Investment Trusts.