InvestmentsJul 9 2014

Wealth Management Association chief May to step down

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

The Wealth Management Association’s (WMA) chief executive Tim May is to step down later this year after four years at the top of the trade body.

Mr May was key in changing what is now known as the WMA from the Association of Private Client Investment Managers (Apcims) and played a leading role in “establishing the organisation as the primary voice of the UK’s wealth management sector”.

He will begin to hand over to Liz Field, previously chief executive of the Financial and Legal Skills Partnership.

The WMA said she had “extensive experience of wealth management and the wider financial sector” and was also previously chief executive of the Financial Services National Training Organisation, the Banks and Building Societies National Training Organisation, and the Insurance Industry Training Council.

WMA chairman Tim Ingram said Mr May had done a “fantastic job” leading the trade body in the past four years and “taking the organisation through a period of significant change”.

“We are sorry that he has decided to step down,” Mr Ingram said.

“The significant increase in recent times in the membership and profile of the WMA is a clear tribute to his achievement. We wish him the very best in his future endeavours.”

Mr Ingram said Ms Field brough “many years of experience in leading trade organisations, championing the work of sectors in the financial services area, together with a good knowledge of wealth management”.

“I am sure she will further enhance the WMA’s position as the leading voice of the wealth management sector,” he added.