IMA appoints ex Fidelity CIO as head

The Investment Management Association (IMA) has appointed ex-Fidelity chief investment officer Simon Fraser to head up its Investor Forum project.

IMA appoints ex Fidelity CIO as head

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Fraser is currently chairman of Foreign & Colonial Investment Trust and a non-executive director at Ashmore. He was previously a former non-executive director at Barclays.

Andy Griffiths has also been named as the executive director of the project, which aims to improve long-term return from investments in companies.

Griffiths has twenty years’ experience as a research analyst and investment professional at Capital Group, where he was responsible for investment in European banks and international equities. He is also a senior adviser to private equity firm Corsair Capital.

The Investor Forum is being formed by the IMA, led by Daniel Godfrey, following the recommendations of the Collective Engagement Working Group and the Kay Review. It is an investor-led organisation formed from asset managers and asset owners. It will be open to all investors who have an interest in UK companies, whether based in the UK or overseas.

Its main aims are to promote the value of long-term approaches to investment, promote cultural change throughout the investment chain and form engagement groups to drive constructive change when there is a critical mass of support among members that a company is failing.

Fraser said: “The Investor Forum will help facilitate better re-engagement between UK public companies and their shareholders to support long-term value creation opportunities.”

Griffiths added: “Our guiding principles will be rooted in value creation for investors and the pursuit of solutions which will ensure that the UK is a welcome home for many of the world’s most dynamic enterprises.”

 

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