FCA watchdog hires former funds chief Godfrey

Daniel Godfrey

The Financial Conduct Authority (FCA) has hired former Investment Association chief executive Daniel Godfrey as a consultant as it gets ready to produce a report on value for money in the UK fund management industry, according to trade news reports.

The Investment Association (IA) is the powerful trade group for the Scottish and UK fund management industry.

Godfrey left the IA amid news reports that major fund management companies were unhappy with his pro-consumer management style, claiming he made the IA more like a regulator than a pro-trade group.

The IA represents more than 200 companies that manage more than £5 trillion of assets.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.