The Investment Association has named John Owen, a partner at EY, as its next chief executive officer. Owen will take over from Chris Cummings, who has led the trade body since 2017. The appointment comes at a critical time for the UK asset management industry, which faces regulatory changes and market challenges.
Leadership Transition
John Owen brings extensive experience in financial services and consulting. At EY, he led the asset management practice and advised clients on strategy, regulation, and operations. His appointment follows a rigorous search process conducted by the Investment Association’s board.
Chris Cummings, the outgoing CEO, stepped down after overseeing significant developments, including the association’s response to the Brexit transition and the rise of sustainable investing. The board thanked Cummings for his leadership and welcomed Owen as his successor.
Industry Context
The Investment Association represents over 250 members, managing approximately £8.5 trillion in assets. The trade body plays a key role in shaping policy and promoting the UK as a global investment hub. Owen’s priorities are expected to include addressing the impact of the Financial Conduct Authority’s consumer duty, promoting diversity and inclusion, and supporting the transition to net-zero emissions.
In a statement, Owen said he was “honoured” to lead the association and looked forward to working with members to “drive positive change for savers and investors.” He is set to assume the role in the coming months, pending regulatory approvals.
