Quilter boss steps down from IA board

Quilter boss steps down from IA board

The chief executive of Quilter has stood down from the board of the Investment Association as part of a reshuffle.

Paul Feeney was one of four people to stand down from the board of the trade body which represents UK asset managers.

Andrew Formica, the former chief executive of Janus Henderson, Andrew Laing, the joint head of integration at Standard Life Aberdeen and Mark Zinkula, the former chief executive of Legal & General Investment Management, also stepped down.

They have been replaced by Caroline Connellan, the chief executive of Brooks Macdonald, Michelle Scrimgeour, the Emea chief executive of Columbia Threadneedle, Hanneke Smits, the chief executive of Newton Investment Management, and Dan Watkins, the Emea chief operating officer of JP Morgan Asset Management.

Peter Harrison, chairman of the Investment Association, said: "I am delighted to welcome Caroline, Michelle, Hanneke and Dan to the IA’s board of directors.

"Their perspectives and experience will enable the IA to remain an authoritative voice for the asset management industry. I would like to pay tribute to the contribution of those retiring directors, who have given us many years of service.

"Their wisdom and experience have helped to build the IA into the organisation of influence that it is today."

There are 18 directors on the IA board and members are appointed for three-year terms.