The Investment Management Association, a trade body for investment managers in the UK, has changed its title to The Investment Association, although chief executive Daniel Godfrey insists that body's purpose remains the same.
The name change reflects the wider remit the industry body now covers, as it incorporated the investment affairs division of the Association of British Insurers last summer.
"The Investment Association exists to make investment better. Better for clients, so they can achieve their goals. Better for companies, so they get the capital they need to grow. Better for the economy, so everybody prospers," says Godfrey.
The Investment Association represents around 85% of investment management in the UK with members managing around £5 trillion (€6.3 trillion) of assets including 35% of all the assets managed across Europe.
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