Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

IMA to merge with ABI investment arm to form new trade body

IMA to merge with ABI investment arm to form new trade body

The Investment Management Association (IMA) is to merge with the Investment Affairs Division of the Association of British Insurers (ABI).

The trade bodies have agreed to the merger in principle and are locked in the final stages of talks.

The unification will create a new trade body covering the full spectrum of investment management and will be fronted by a new chairman.

The merger will include the ABI’s Institutional Voting Information Service (IVIS) and the ABI will continue to represent insurers.

IMA chairman Daniel Godfrey (pictured) said: This is a very important strategic step for the IMA and our members.  We will now be able to provide a single, united and coherent voice across the entire range of issues and activities that concern investment management - to the benefit of clients and ultimate beneficiaries.  

‘It will help us meet one of our key objectives by increasing our clout and credibility in developing a culture of longer-term thinking.  It will enable us to provide stronger and seamless support to the nascent Investor Forum.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Play Colin McLean's mid-cap picks

Colin McLean's mid-cap picks

The SVM director and fund manager on his pick of the UK mid-caps.

Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Your Business: Cover Star Club

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

Profile: Psigma's Edinburgh boss on why he is in Scotland long term

When Tim Wishart agreed to launch an Edinburgh office for Psigma he was not expecting to  head the company’s first overseas team

Wealth Manager on Twitter