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Davis backs away from ABI investment role

Jonathan Davis has backtracked on his decision to become ABI director of investment affairs.

Davis, who was due to replace Peter Montagnon in the role last month, says “a number of other commitments” have prevented him taking on the position full-time.

He says: “I have agreed with the ABI that I will not, after all, be joining as its director of investment affairs. A number of my other commitments are unfortunately taking up more time than expected, making it difficult to fulfil this full-time role on the basis we originally discussed.”

ABI acting director general Maggie Craig says the organisation will work with Davis on a consultancy basis. Hugh Savill will continue as acting director of investment affairs, with an announcement on who will take the job on a permanent basis expected “in due course”.

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