The Investment Association is close to appointing a senior peacemaker to its board of directors as the industry body for UK fund managers tries to win member backing for a sweeping governance review.
The move aims to defuse member tensions which came to a head earlier in October and led to the exit of chief executive Daniel Godfrey. M&G Investment and Schroders have given notice to quit. They have not reversed their decision. Other managers are threatening to resign.
