SWITZERLAND/US - The Association for Investment Management and Research (AIMR) has named Swiss banker Philippe Sarasin as its new chairman of the board of governors.
Sarasin, managing partner with international investment bank Lombard Odier & Cie in Geneva, will serve a one year, volunteer term as chairman of the 50,000 member group from this month.
Additionally, Dwight Churchill, president of Fidelity Management and Research's fixed income division, was named as vice-chair. Like Sarasin, Churchill will serve a one-year, volunteer term whilst continuing with his professional responsibilities.
Sarasin is the association's first chair from outside the US and Canada. He heads a 20-member Board of Governors comprised of investment professionals from seven countries - Switzerland, Canada, the US, Bermuda, Japan, Singapore and Hong Kong.
Speaking about his new role with the group, Sarasin said: AIMR today is looked to more and more as a global leader in the investment profession. The association didn't seek that role so much as others throughout the world saw the contribution we were making.
“They began to enrol in our programmes, implement our standards and follow our lead, he added.
By Geoffrey Ho
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.