Former Aifa director general Chris Cummings will be the new chief executive of the Investment Association.
Cummings, who is founding chief executive of financial services lobbying organisation TheCityUK, joins the trade body six months after Daniel Godfrey was ousted from the role. He was also previously director general at AIFA, having spent 7 years at the organisation.
Investment Association chair Helena Morrissey says: “I am delighted we have secured a chief executive of Chris’s calibre to take the Investment Association forward. Chris has years of experience helping businesses to deliver the best outcomes for their customers.
“Under Chris’s leadership the IA will continue to work with all our stakeholders to serve our members and shape the investment industry to meet the needs of savers.
“The board would like to thank Guy Sears for his work and achievements as interim chief executive, including the launch of the Productivity Action Plan to boost the British economy and a major pledge to develop a new generation of Disclosure Codes.”
Cummings says: “I am very excited to be taking over as chief executive of the Investment Association, which plays a crucial part in securing the best outcomes for savers, investment managers and the broader economy.
“I believe the UK’s asset management industry has the opportunity to adopt a greater role in society, generating wealth and lifelong financial well-being for millions of people and providing stable long-term financing to help British businesses to grow.”
Cummings will start at the Investment Association in Q3 this year.