The investment trust, managed by Pollen Street Capital, has been the best performer in its peer group over recent years.
The £445m Honeycomb investment trust has appointed Richard Rowney as an independent non-executive director with effect from 1 July 2019.
Rowney is currently chief executive officer of insurance giant LV= and previously spent 14 years at Barclays Bank holding a number of senior positions across corporate and retail banking and is currently a Board member of the Association of British Insurers.
Robert Sharpe, chairman of Honeycomb said: "I am delighted we have been successful in attracting a person of the calibre and experience of Richard to the Board. I very much look forward to working with him to chart the continued success of the business".
The fund has announced a new share placing programme at the start of the year which could see it raise up to £400m over the next year.