Property investment company Raven Russia is being pressed by its biggest shareholder to install Ross Dunlop, former executive chairman of Highway Insurance, as chairman.

It is understood that Neil Woodford, fund manager for Invesco, which holds 18.5%, wants Dunlop to replace Adrian Collins, the current chairman of Raven Russia, who is to step down within weeks but will remain as a non-executive director.

The issue is expected to be decided this week at a board meeting.

Raven Russia was set up by Anton Bilton’s Raven Mount, which runs the company in return for management fees.

Financial Times