Asset Management

Investment Association seeks peacemaker amid review

Chairwoman Helena Morrissey to appoint senior independent director to win member backing

Investment Association seeks peacemaker amid review
Photo: Red Photographic

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.

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