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For immediate release: Thursday 26 May 2005


IMA ANNOUNCES NEW CHAIRMAN AND BOARD MEMBERS

Following its Annual General Meeting, held last night at the Drapers’ Hall, IMA announces that Simon Davies, Chief Executive of Threadneedle Asset Management Ltd will take over as Chairman of the Association with immediate effect, replacing Lindsay Tomlinson, Vice Chairman – Europe of Barclays Global Investors.

New appointments to the IMA Board were:

Douglas Ferrans  Insight Investment Management Ltd
Colin McLatchie  Aegon Asset Management UK
Helena Morrissey Newton Investment Management Ltd
Christopher Phillips Scottish Widows Investment Partnership
Bill Smith  Lazard Asset Management Ltd


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For further information, please contact:
Mona Patel, Head of Communications, IMA  020 7831 0898

Out of hours contact:
Mona Patel, Head of Communications, IMA  07834 089332

Notes to Editors:
1. Simon Davies graduated in 1981 with an MA Honours Degree in Engineering, Economics and Management from Brasenose College, Oxford University.

Simon began his career in 1981 with Rothschild Asset Management, where he worked as an analyst and fund manager.  In 1986 he moved to Gartmore as a pension fund manager and was soon appointed to the board of Gartmore Pension Fund Managers. In 1990 he transferred to the international side of Gartmore's investment management business, becoming Head of Global Funds and then Head of International Equities.  In 1995 he joined Threadneedle as Chief Investment Officer and was appointed Chief Executive in January 1999.  Threadneedle manages equities, bonds, property and hedge funds for both retail and institutional portfolios. 

Outside Threadneedle Simon is on the boards of the IMA and JP Morgan Fleming Overseas Investment Trust.  He is also on the Investment Committee of Westminster Abbey.

2. Members of the IMA Board are:

Simon Davies, Threadneedle Investment Services Limited (Chairman)
Barry Bateman, Fidelity Investment Services Limited
Edward Bonham Carter, Jupiter Asset Management Limited
Tim Breedon, Legal & General Investment Management
Nick Criticos,  F & C Asset Management plc
Simon Ellis, Axa Investment Management
Douglas Ferrans, Insight Investment Management Ltd
Keith Jones, Morley Fund Management Limited
Colin McLatchie, Aegon Asset Management UK
Michael McLintock, M&G Securities Limited
Helena Morrissey, Newton Investment Management Ltd
Christopher Phillips, Scottish Widows Investment Partnership
Richard Saunders, IMA
Bill Smith, Lazard Asset Management Ltd

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