Hugh Mullan, UK managing director at Fidelity, who this week was named responsible for Fidelity FundsNetwork following the departure of David White, is one of four new appointments to the IMA board.
Also brought in are Mark Zinkula, CEO of L&G Investment Management; Andrew Formica, CEO of Henderson Global Investors; and Andrew Laing, deputy CEO of Aberdeen Asset Managers.
Meanwhile, on the way out are Helena Morrissey, CEO at Newton Asset Management; Alain Dromer, former CEO at Aviva Investors who left the firm during its own reshuffle; and Bill Smith, CEO at Lazard Asset Management.
Changes to the board took place at the industry body’s AGM yesterday where member firms can propose an individual who then must be seconded.
Those departing have stepped down either because they have come to the natural end of their term, which is a maximum of four years, or for other reasons personal to themselves.
Douglas Ferrans, IMA chairman, said: “I look forward to working with the new IMA board and am pleased to have such established industry figures join us. I have every faith that the IMA will go from strength to strength with their help.”