IMA appoints four leading fund managers in shake up of board

ANDREW Formica, head of Henderson Global Investors, is one of four new appointments to the board of the Investment Management Association (IMA), the industry trade body confirmed yesterday.

He will be joined by Mark Zinkula, chief executive of Legal & General Investment Management, Hugh Mullan, UK managing director of Fidelity Worldwide Investment, and Andrew Laing, deputy chief executive at Aberdeen Asset Management.

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.”

The IMA represents the interests of the UK’s £4.2 trillion asset management industry to government and regulators worldwide.