Godfrey quits Investment Association

Follows group exit threats

Daniel Godfrey has stepped down from his position as chief executive of the Investment Association.

Investment Week understands that Godfrey (pictured) left the body by mutual agreement. The board held a meeting this afternoon where they agreed to discuss Godfrey's future at the organisation. However, following a meeting with the chairman, Godfrey decided to leave a few hours after the meeting concluded. An interim chief executive will be appointed and the process is to begin as soon as possible - it is believed to be most likely someone from already within the organisation. The decision follows speculation that Schroders, M&G and other large asset management firms are thinking o...