Last week, Cummings (pictured) quit Aifa to become the first chief executive of a new body promoting UK-based financial and professional services, TheCityUK.
Baigrie Davies director Amanda Davidson, who resigned as deputy chair of Aifa in March, says she will not apply. Davidson quit after she was appointed to the FSA board as a non-executive director to avoid potential conflicts of interest. She says: “I love the work I do with clients too much to leave it.”
Institute of Financial Planning chief executive Nick Cann says he is not interested in applying for the role.
Association of Mortgage Intermediaries director Robert Sinclair and Aifa policy director Andrew Strange are expected to apply for the job.
Aifa says a recruitment process is now under way. It will form an appointments committee, chaired by John Gummer, with representatives from
the trade body’s membership.
Paladin Financial Services managing director Tim Purdon says: “We do not necessarily need an IFA in the job but we need someone with experience of the IFA sector. I would prefer someone with an investment background than a mortgage background.”