Compliance head takes reins at Investment Association amid consumer stance split

The head of compliance, Guy Sears, is taking over as interim chief executive at the Investment Association while the organisation searches for a permanent replacement to Daniel Godfrey, who was seen by some members as taking a somewhat regulatory, rather than representative, approach. The appointment of a compliance head to the top position at the fund managers body is an unusual one in the sector – and might reflect the central role that such a specialist plays behind the scenes when unexpected, high-profile developments occur.