According to the WMA, he will begin handing over the reins to his successor, Liz Field on September 1. May said he is looking forward to assisting Field up to the WMA’s annual conference on 6th October 2014.
“I wish her and the community well for the future,” he said.
May joined the board of APCIMS, which was rebranded as the WMA in 2013, in 1998 and became CEO in 2010.
Field, formerly the CEO of the Financial and Legal Skills Partnership, has also servied as CEO of Financial Services National Training Organisation, the Banks and Building Societies National Training Organisation, and the Insurance Industry Training Council, the WMA said.
WMA chairman, Tim Ingram, said: “Tim has done a fantastic job leading the WMA over the last four years, taking the organisation through a period of significant change, and we are sorry that he has decided to step down.
The significant increase in recent times in the membership and profile of the WMA is a clear tribute to his achievement. We wish him the very best in his future endeavours.”
Field said: “Businesses operating in the wealth management sector are facing many challenges both in the UK and in the international market place. I am excited about helping the WMA membership to navigate through the many changes and challenges they are facing and to support in promoting the sector.”