Ian Sayers steps down as AIC chief executive

11 years after taking on the role

Ian Sayers has stepped down as chief executive of the Association of Investment Companies (AIC), with his time in the role expected to come to an end on 31 December.

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. Elisabeth Scott replaces Beagles as AIC chair 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 w...