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Daniel Godfrey to leave the AIC

The Association of Investment Companies director general Daniel Godfrey is to leave the firm after 11 years.

Godfrey has stepped down as director general but will continue to work with the AIC on a consultancy basis to ensure a smooth transition. Deputy director generaI Ian Sayers will be acting director general reporting to the board until a permanent appointment is made.

Godfrey says: “It has been an honour and a privilege to lead the AIC and to represent the investment company sector. It is a role which I have enjoyed immensely. But after 11 years, in which the AIC has been incredibly successful, I need to seek a new challenge that will stretch me again and, I hope, have a broader impact.

“It would not be possible or fair to the AIC to progress these plans whilst maintaining a full-time commitment to the Association and so I am grateful to the Board for allowing me to step back from my management duties whilst ensuring a successful transition through a consultancy arrangement. I wish the AIC and all the team well in the future.”

AIC chairman Carol Ferguson says: “On behalf of the Board, I would like to thank Daniel for his enormous contribution to the industry. Daniel has raised the profile of the sector considerably, and has steered the industry through some difficult times, not least the split capital crisis, whilst staving off some very real regulatory threats along the way. Throughout this time, Daniel never lost sight of what the AIC’s main focus should be – representing members and their shareholders – and he put this at the heart of everything the AIC did.”


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  1. Daniel Godfrey Departure
    For those who know of Daniel Godfrey there will be little surprise that he is seeking a new challenge. With any luck that new challenge could be found in the IFA sector as this is one arena where his not inconsiderable skills in Marketing ,Management , PR and diplomacy would be stretched to the full. In the past he has very ably demonstrated, with an unnerving skill & speed, his ability to adapt to his new challenge and environment. As the Chairman of the AIC ,Carol Ferguson ,has rightly identified Mr Godfrey has delivered “big time” for the AIC on a number of issues. The one key area, often easiest to overlook, was his people skills. He was admired and respected by his colleagues and frankly was instrumental in many of the senior appointments which we now take for granted as just being there. Names such as Annabel Brodie Smith, and the incoming CEO designate Ian Sayers are just two well known industry figures who thrived under Mr Godfreys watch! This list is by no means exhaustive. Lets just hope his love of jaguar sports cars and city life won’t deter him from working with less well paid IFA sector, preferably as its ambassador. In truth there are many roles to which he would adapt well. He leaves the AIC fit and strong and was well overdue a new challenge. Roddy Kohn

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