Press Release

IMA appoints Guy Sears as Director, Wholesale

28th September 2007

The Investment Management Association (IMA) is pleased to announce the appointment of Guy Sears as its new Director, Wholesale.  Guy was previously Deputy Chief Executive of APCIMS, the Association of Private Client Investment Managers and Stockbrokers.

IMA has re-organised responsibilities among its senior team following Sheila Nicoll's departure to the FSA.  From 8th October Julie Paterson will become Director, Authorised Funds and Tax, in which capacity she will lead IMA's work on the Retail Distribution Review and other retail policy issues.  Richard Saunders, Chief Executive, assumes oversight of international affairs, previously the responsibility of Sheila Nicoll.

Richard Saunders commented:

"I am very pleased to welcome Guy to the IMA to take charge of our important and extensive institutional agenda.  His broad spread of abilities and experience make him an important addition to the team."

Guy Sears said: 

"I have spent a good part of the last 3 years seeing members of the IMA team at work at the FSA, in Europe and in corporate governance forums. It does not take long to realise that their agendas are membership-led, their arguments evidence-based and their approach highly professional. Given that, joining the team was an easy decision and one I am delighted to have been given the opportunity to make.”