Members of the Association of Unit Trusts and Investment Funds (Autif) and the Fund Managers Associa...
Members of the Association of Unit Trusts and Investment Funds (Autif) and the Fund Managers Association (FMA) are today merging as one association to become the Investment Management Association (the IMA).
Effective on 1 February 2002, the IMA will represent companies with combined assets under management of over £2 trillion (£2,000 billion), with Alan Thompson of Standard Life Investments and the outgoing chairman of Autif taking the reins as its first chairman.
Lindsay Tomlinson, chief executive of Barclays Global Investors, the outgoing chairman of FMA, will be deputy chairman, and the IMA's chief executive will be Dick Saunders, previously director general of Autif.
Two executive committees are being formed to look after the affairs and issues affecting members.
The Asset Management Committee, made up largely of the FMA executive, will oversee issues affecting asset management sector, while the Investment Funds Committee will deal with investment funds, collective investment schemes, and will be largely made up of the Autif executive.
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