Ian Sayers steps down as AIC chief executive

Sayers has held the role since January 2010 but has been with the AIC longer still, joining the firm in November 1999 as technical director. He has agreed to stay in position while the search for a new chief executive is conducted to "secure the long-term future of the AIC". Elisabeth Scott, chair of the AIC, thanked Sayers for his "significant contribution to the industry", highlighting his guidance through post-financial crisis "regulatory threats". "This allowed investment companies to thrive in the low interest rate environment which has persisted since then as investors have s...