The Financial Conduct Authority has appointed Daniel Godfrey, formerly chief executive of the Investment Association, for a short-term contract on a consultancy basis.
Godfrey (pictured) will be working for the regulator for a few months on a consultancy basis, conducting policy work related to the regulation of asset management, a spokesperson from the FCA confirmed.
Godfrey left the Investment Association after three years in October, following speculation that Schroders, M&G and other management firms were thinking of leaving the organisation.
Many IA members were reportedly concerned the organisation had taken on too strong a regulatory approach under Godfrey's leadership, at a time when asset managers were struggling with increasing demand from European regulators and the FCA.
Following Godfrey's departure, the IA's director of compliance Guy Sears was promoted to interim CEO.
Last month, the IA announced that Godfrey's full time replacement will be Chris Cummings, the founding chief executive of TheCityUK, a trade body for financial adviser.
Since leaving the IA, Godfrey has continued to speak out on industry issues and has been appointed to the board of fintech company Moneybox.
