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Former chief executive of the UK’s IMA joins Investec Asset Management board

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Richard Saunders, former chief executive of the Investment Management Association (IMA), has joined the board of Investec Asset Management as a non-executive director.

 
Saunders (pictured) spent more than a decade at the helm of the IMA, the organisation which represents the UK investment management industry. Saunders was instrumental in the creation of the IMA, leading a merger between the Association of Unit Trusts and Investment Funds with the Fund Managers’ Association in February 2002.
 
Prior to the IMA, much of Saunders’ earlier career was spent at the Treasury, with further roles at media group United News & Media and as a communications consultant. Among other roles, he served as press secretary to the Rt Hon Lord Lamont when he was Chancellor of the Exchequer, and as head of the economic department at the British Embassy in Washington DC in the early 1990s.
 
Hendrik du Toit, chief executive of Investec Asset Management, says: “I was privileged to have worked with Richard while he was on the IMA board and have the highest regard for his insights into the challenges facing our industry. We look forward to his participation on our board.”
 
Saunders says: “I have long been an admirer of Investec Asset Management. It is a real pleasure to have joined this board. I am optimistic about the future of Investec Asset Management and I look forward to making a positive contribution to the governance of this exciting firm.”

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