OMGI and Deutsche Bank have announced promotions, while Ashburton Investments and Elian have made senior appointments. After departing The Investment Association, former chief executive Daniel Godfrey has joined the advisory board of a fintech startup.
The Investment Association has announced it is to be split into three core divisions as part of an organisational restructure.
The UK’s Investment Association has broken up its regulatory affairs unit and announced the departure of its head, Richard Metcalfe, as another member confirmed it also planned to leave.
The Investment Association plans to consult its members on how best to prioritise its focus ahead of hiring a new CEO, chair Helena Morrissey said on Thursday, before adding it has no intention to make any changes to the ongoing executive pay project
The fact that Daniel Godfrey felt he had to leave his CEO post sheds much light on what was behind the threats from Schroders and M&G Investments to leave, but also raises new questions.
The Investment Association, which represents the UK’s £5.5trn investment management sector, is to examine executive pay across the industry in a bid to simplify what it acknowledges are complex structures.
Investors sought out asset allocation expertise in June as targeted absolute return funds moved back into poll position in the retail sales stakes, the Investment Association said on Wednesday.
Net retail sales for globally authorised investment funds were nearly £1bn lower last month than February 2014 despite the property sector cementing its best ever year for inflows.
The UK’s Investment Association has proposed tougher standards of disclosure and transparency across investment and pension products.
Last year saw the highest net retail sales recorded since 2010, with demand for equity income funds and property particularly strong according to the Investment Association.
The Investment Management Association (IMA) has rebranded as the Investment Association to echo its wider remit with the incorporation of a new division.
