Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Schroders chief executive named IA chair

Schroders chief executive named IA chair

Schroders group chief executive Peter Harrison has been appointed chair of the Investment Association (IA).

Harrison (pictured) will take the role in May, alongside Andrew Formica, chief executive of Henderson Group, who will become deputy chair of the board. The pair will each serve for a two-year fixed term.

The IA’s current chair, Helena Morrissey will step down and join Legal & General Investment Management—which already has a representative on the broad.

‘Our industry is experiencing a period of significant change and it is important we work together to ensure we meet our responsibilities to clients and deliver value to them over the long-term,’ said Harrison.

IA chief executive officer Chris Cummings said: ‘The UK asset management industry plays a key role in ensuring the financial health of the nation, helping people to save for the future, providing crucial investment to businesses and improving the economy for all and it is also one of the UK's star export industries, so it is important that it has a strong trade association to help it deliver on these important goals.’

He added he was delighted with the appointments and thanked Helena Morrissey for what he described as her ‘tireless and outstanding contribution’ on behalf of the IA during her time as chair.

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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter