40 | Developing our organisation
Developing our organisation
using our resources efficiently
and effectively
OPERATIONS ANd ENGAGING FAIR SHARES
EduCATION COMMuNICATIONS
Two senior staff with a wealth of Video, tweets and blogs are all being A £1.2 billion investment in large
experience in contrasting domains used to communicate the Trust’s work. multinational companies had
have joined the Wellcome Trust. increased in value by 25 per cent by
The internet has opened up many new the end of the year.
Simon Jeffreys, the Wellcome Trust’s ways in which organisations can
new Chief Operating Officer, is charged communicate with different audiences, Despite a challenging year, the Wellcome
with ensuring that the organisation is run and the Wellcome Trust has moved to Trust’s investments achieved gains of
as efficiently and effectively as possible. adopt these new approaches. £580 million (5 per cent) during 2008/09,
Having joined the Trust in March 2009, and were valued at £13.0bn at
he has assumed responsibility for For example, the news and features 30 September 2009.
key business operations, including posted on the Trust’s main website can
finance, grants management, facilities now be obtained by RSS feeds or by A significant contribution to this strong
management, IT, human resources and signing up to an e-newsletter. This year performance came from investment in
legal affairs. He has absorbed many of has also seen a rapid growth in the use of late 2008 and early 2009, when stock
the responsibilities previously held by video features, available on the main markets were very weak, of £1.2bn in
John Cooper, who has taken on the role websites and on dedicated Wellcome shares of 32 global companies. Such
of Chief Operating Officer and Interim Trust and Wellcome Collection YouTube companies, each valued at a minimum
Chief Executive of the UK Centre for channels, which both launched in of US$50bn, typically deliver strong
Medical Research and Innovation. January 2009. The Trust also uses returns during difficult economic times,
Twitter to provide brief up-to-the-minute and after the stock market decline, their
Simon Jeffreys has spent most of information, and has accumulated more shares represented very good value. By
his professional life at than 2000 followers. The audience for the end of the year, the value of these
PricewaterhouseCoopers and its Wellcome Trust print publications such investments had already risen to £1.6bn,
predecessor firms, latterly as chairman as Wellcome News and Big Picture has an increase of 25 per cent.
of its global investment management also significantly increased both in terms
practice and part of the firm’s global of print circulation numbers and online The fall in stock market prices also
financial services leadership team. usage following their inclusion in ‘online enabled the Trust to acquire a range
libraries’ such as Yudu, Scribd and Issuu. of other shares at favourable prices,
Derek Bell, former Chief Executive of the including 3 per cent of the shares of
Association for Science Education, took Other new developments include a Marks & Spencer plc.
over as the Wellcome Trust’s Head of Facebook page for Wellcome Collection,
Education in January 2009. which has attracted more than 1200 Shares now account for around
members, while the Wellcome Library 38 per cent of the Trust’s investment
Professor Bell will have responsibility has launched a blog that provides an portfolio, with holdings geographically
for the Trust’s education strategy and informative guide to the Library’s activities, well diversified. A growing proportion
further developing the Trust’s leading role purchases and holdings. The Library’s are managed from within the Trust itself.
in UK science education. This work will fascinating Moving Image and Sound The ability of the Trust to invest directly
focus on increasing opportunities and Collection also has its own ‘Wellcome in equity markets has been enhanced by
strengthening the culture for continuing Film’ YouTube channel. the establishment of a Public Securities
professional development for science Execution team led by Tim Johnston,
teachers. In addition, Professor Bell will
www.twitter.com/wellcometrust
previously at Goldman Sachs and a
look at how research can best be used
www.youtube.com/wellcometrust
www.scribd.com/Wellcome Trust
number of hedge funds.
to support education policy making and
issuu.com/wellcome-trust
teaching practice.
www.twitter.com/explorewellcome
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