The Investment Management Association (IMA) will be rebranded as The Investment Association (TIA) following the completion of its merger with Association of British Insurers’ (ABI) investment division on n 30 June 2014.
Helena Morrissey, CEO of Newton Investment Management, will become the new chairman of the IMA, replacing the existing chairman, Douglas Ferrans, who will step down after four and a half years in the role.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Ferrans said: "I am proud to be stepping down at the completion of the transformative merger of the IMA with the ABI’s Investment Affairs team. The IMA is in great shape under the leadership of Daniel Godfrey and I couldn’t be handing the Chair over to a more capable and talented individual than Helena Morrissey."
Otto Thoresen, director general of the ABI, said: "Merging the ABI and IMA investment activities will create a strong new voice for the asset management industry as a whole. Insurers remain a crucial part of that and we look forward to continuing to work closely with The Investment Association".
Daniel Godfrey, IMA chief executive, said: "Dougie has been a wonderful Chairman, a source of great support and counsel and a good friend. His vision has transformed the IMA for the better and will be missed by both the Board and the executive team at the IMA.
"Helena Morrissey brings great energy, commitment and vision to enhance all that is good about our industry. I am looking forward to working with her to make investment better for everyone, so investors get better long-term returns, so companies can grow and economies prosper.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Our merger with the ABI’s Investment Affairs team means that together we cover the entire range of investment issues on behalf of our clients, whether they are domestic or international individuals, discretionary managers, life companies, pension funds, family offices or sovereign wealth funds.
"Our new name, The Investment Association, describes the broader and deeper reach of the new organisation, its stronger and more unified voice and the collective will of our members to work together in the interests of real people. We are looking forward to welcoming our new colleagues on 30 June."
