Wednesday 31 October 2012
IMA ANNOUNCES APPOINTMENT OF DANIEL GODFREY AS NEW CHIEF EXECUTIVE
The Investment Management Association (IMA) today announces the appointment of Daniel Godfrey as its new Chief Executive from 1 December. Richard Saunders will remain with the IMA in an advisory capacity until the end of 2012 to assist with an orderly transition.
Daniel Godfrey spent 11 years as Director General of the Association of Investment Companies where he led a highly regarded team through a number of complex regulatory and industry challenges in a period of sustained success. He was also Chairman of the Personal Finance Education Group (pfeg) from 1999 - 2003 and a member of HM Treasury’s Financial Services Forum from 2006 - 2010. He most recently spent two years at the Phoenix Group.
Douglas Ferrans, IMA Chairman, said:
“After an exhaustive search process the Board is delighted to have recruited Daniel. Our objective was to find an individual capable of leading the IMA in the most challenging environment we have ever seen and we believe that Daniel has the integrity, experience and skills necessary to achieve that.
“The Board would also like to put on record our appreciation of Dick’s achievements over the last decade at the helm of our association and to offer him our good wishes for his future.”
Daniel Godfrey said:
“Long-term investment is vital for consumers, for companies and for the economy - so the breakdown of trust between society and financial services could not be more damaging.
“The challenge is broad and complex, but the agenda is simple. The IMA and the industry must identify and do whatever is necessary to earn trust by demonstrating the fundamental qualities of transparency and customer focus on which investment management is based. Secondly, we need to steer a path through the regulatory agenda so that consumers are properly protected without unnecessary costs or distractions that can only cause detriment by damaging long-term returns.
“The investment management sector can lead the efforts to restore trust. I am looking forward to working with the talented team at the IMA, the Board, our Members and the wider community of stakeholders, especially consumers and their representatives, to help the Association add value for investors.”
Notes to Editors
Biography: Daniel Godfrey
The Phoenix Group
November 2009 – February 2012
Financial Services Forum, HM Treasury & Chair of Simple, Transparent Products Working Group
January 2006 – April 2010
Director General, The Association of Investment Companies
July 1998 – October 2009
Chairman, pfeg (Personal Finance Education Group)
February 1999 – October 2003
Marketing Director, Robert Fleming
June 1994 – July 1998
For further information please contact:
Mona Patel, Head of Communications
020 7831 0898 or 07834 089332
Navdeep Sidhu, Press Officer
020 7831 0898 or 07843 517 618
About the Investment Management Association
- The IMA is the trade body for the UK's £4.2 trillion asset management industry (retail and institutional) which is one of the world's leading investment management centres.
- Our role is to suport and promote a comercially successful and growing UK investment management industry as we seek to improve financial outcomes for customers – savers and investors.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.