The Investment Association (IA) has confirmed that Helena Morrissey will step down as chair of the trade body next summer.
Ms Morrissey has held the role since she joined the IA in 2014, during which time she collaborated on an IA working group on company pay and contributed to the 10 recommendations on how remuneration in the asset management industry could be improved.
She is also known for her campaigns for greater gender diversity in the industry and founded the 30% Club in 2010, which has the aim of achieving a minimum of 30 per cent women on company boards.
The move to step away from the IA follows her departure from her position as chief executive of Newton Investment Management in August this year after 15 years heading the company, during which time the fund house’s assets under management doubled to £50bn. She remains at Newton as non-executive chairwoman.
A spokesperson for the IA said: "My understanding is that Helena will be stepping down in the summer, a replacement chair will be announced in due course."