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Shake-up at Woodford investment trust

A director with close ties to Neil Woodford is to leave the board of Woodford Patient Capital Trust.

Steve Harris — chief executive of Circassia Pharmaceuticals, which counts Mr Woodford, 59, as its second-biggest shareholder — is to step down as a non-executive director of the trust at the end of the month.

Jane Tufnell, who co-founded Ruffer Investment Management, has joined the board as an independent non-executive with immediate effect.

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