Daniel Godfrey hired by FCA

Added 27th May 2016

Former Investment Association chief Daniel Godfrey has been hired by the Financial Conduct Authority on a consultancy basis, a spokesperson said.

Daniel Godfrey hired by FCA

Godfrey has a short term contract beginning today, 27 May, and likely to run for "a couple of months."

He will be assisting the FCA with its policies regarding the asset management industry in particular. 

Godfrey stepped away from his role as chief executive of the Investment Association last September following a dispute with some of the biggest asset management firms he represented. He had been attempting to push through reforms of the industry around issues such as fee transparency and firms taking a stewardship role at companies they own shares in.

Firms including M&G Investments and Schroders said they would not renew their IA memberships if the policies being pursued were not changed, making Godfrey’s position extremely difficult.

Last month the IA announced former AIFA director general Chris Cummings as Godfrey’s replacement, following an interim period during which Guy Sears stepped into the top job.

 

 

 

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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.

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