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IMA chairman Robert Jenkins to step down

The chairman of the Investment Management Association Robert Jenkins is to step down at the end of the year with Douglas Ferrans set to replace him.

Jenkins is to take on the role of CEO and managing partner at global macro hedge fund Combinatorics Capital LLC. He has also been named adjunct professor at the London Business School and a non-executive director of the Aberdeen all Asia investment trust and has decided to relinquish his role following a transition period.

Ferrans is currently vice chairman of the IMA and has been a member of the board since 2005. He will hold the role of IMA chairman until the AGM in May 2010.

Jenkins says: “Douglas was the Board’s unanimous choice to take up the role. He is eminently qualified to do so. He is both an industry leader and a Board Director of long standing. I have no doubt that the Association will continue to flourish under his leadership.”

Ferrans says: “On behalf of the IMA Board I would like to express our greatest thanks and appreciation to Bob for his outstanding contribution to the organisation and the wider investment industry in his time as Chairman. I look forward to working with the staff and Board members to continue the excellent progress made in recent years.”

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