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Director of Investment Affairs

The ABI has informed members today that Jonathan Davis has decided not to take up the role of Director of Investment Affairs.

Jonathan Davis said:

"I have agreed with the ABI that I will not, after all, be joining it as its Director of Investment Affairs, as announced in November. A number of my other commitments are unfortunately taking up more time than expected, making it difficult to fulfill this full-time role on the basis we originally discussed. We have agreed however that I will provide some independent consultancy work for the organisation over the course of this year".

"I am fortunate to have a wide range of professional interests and regret that it has not been possible to take on this new challenge. I will now be completing my book on the investment methods of John Templeton, bringing forward the launch of a new investment newsletter for my publishing venture Independent Investor and expect to announce shortly some further additions to my non-executive, writing and investment interests. I wish the ABI well. It continues to represent a very important constituent of the UK shareholder base."

ABI Acting Director General, Maggie Craig, said:

"We understand that Jonathan's additional work commitments now make it impossible for him to take up the Director of Investment Affairs role, but we look forward to working with him during the year on a consultancy basis.

"Hugh Savill will continue as Acting Director of Investment Affairs reporting to me and Investment Committee Chairman, Alain Dromer. The ABI has already begun a new recruitment process and will make a further announcement in due course."

Notes for Editors
1. Jonathan Davis is a director of Agrifirma Services Ltd and Victoria Capital (UK) Ltd. For the past three years he has been a regular columnist on the Financial Times and an independent non-executive director of Hargreaves Lansdown plc. He is the founder and publisher of Independent Investor and the author and publisher of several books on investment.

2.  The ABI is the voice of the UK's insurance, investment and long-term savings industry. It has over 300 members, which together account for around 90% of premiums in the UK domestic market. The UK insurance industry is the third largest in the world and the largest in Europe. It is a vital part of the UK economy, managing investments amounting to 24% of the UK's net worth and contributing the fourth highest corporation tax of any sector. Employing over 275,000 people in the UK alone, the insurance industry is also one of this country's major exporters, with a fifth of its net premium income coming from overseas business.    

3.  For more information contact:
Jonathan Davis (info@independent-investor.com)
Mobile: 07802 726294 or Tel: 0207 408 2002 (Agrifirma office)

Erfan Hussain, ABI, (Erfan.hussain@abi.org.uk)
020 7216 7411 or Mobile 07712 841 184

Last updated 01/07/2016