Press Release

IMA DEPUTY CHIEF EXECUTIVE JOINS FSA AS DIRECTOR OF RETAIL FIRMS DIVISION

20 June 2007

IMA Deputy Chief Executive, Sheila Nicoll, will be leaving IMA in September to take up the post of Director, Retail Firms Division at the FSA.

Richard Saunders, IMA Chief Executive, commented:

" Sheila has served the industry for nearly 15 years since joining the Unit Trust Association in 1992.  She has made an enormous contribution over that time, and I believe that the industry has been fortunate to have somebody of her talents working on its behalf over such a long period.  I am sure her many friends, both in the industry and elsewhere, will join me in wishing her every success in her new role."

Sheila Nicoll, Deputy Chief Executive, said:

" I have thoroughly enjoyed working at the Association over the years and have found it hugely rewarding.  I will, of course, be sad to leave, but the team at IMA is a very strong one and I am looking forward to this new challenge.  I will be joining the FSA at a very exciting time and hope that I will be able put my experience of working with both industry and policymakers to good use."