UK IMA to change name, appoints new chairman

Helena Morrissey, CEO of Newton Investment Management, is to become chairman of The Investment Association, the new industry body formed in the UK by the merger of the Investment Affairs division of the Association of British Insurers and the Investment Management Association.

The merger is intended to complete by 30 June, with the name change taking effect from the beginning of 2015.

Morrissey (pictured) will take up her role on 30 June, replacing existing IMA chairman Douglas Ferrans. IMA chief executive Daniel Godfrey remains in his role, and said of the new organisation 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.”

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”.

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