Godfrey quits Investment Association

Follows group exit threats

Laura Dew
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Daniel Godfrey has stepped down from his position as chief executive of the Investment Association.

Investment Week understands that Godfrey (pictured) left the body by mutual agreement. The board held a meeting this afternoon where they agreed to discuss Godfrey's future at the organisation. However, following a meeting with the chairman, Godfrey decided to leave a few hours after the meeting concluded. An interim chief executive will be appointed and the process is to begin as soon as possible - it is believed to be most likely someone from already within the organisation. The decision follows speculation that Schroders, M&G and other large asset management firms are thinking o...

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