David Ostojitsch joins PIMFA as Director of Government Relations and Policy

6 December 2022

David Ostojitsch joins PIMFA as Director of Government Relations and Policy

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, is pleased to announce it has appointed David Ostojitsch to the role of Director of Government Relations and Policy.

David joins PIMFA from the Capital Markets Company (Capco), where he was Managing Principal for Capital Markets Regulation and Technology. David has held numerous roles in financial services during his 17-year career, including four years at the Association for Financial Markets in Europe (AFME), where he was Director of EU and Global Technology and Operations Regulatory Affairs.

David takes over from Tim Fassam, who left PIMFA in August to join the Phoenix Group. David will continue spearheading PIMFA’s engagement activities with the Financial Conduct Authority (FCA) and Government. His role will be to ensure that stakeholders understand the needs of wealth managers, financial advisers and consumers and that policy reflects the need to champion a thriving culture of financial health within the UK.

Reporting to the PIMFA Chief Executive Liz Field, David will work closely with the Head of Public Affairs, Simon Harrington and the Head of Regulation, Alexandra Roberts, to help PIMFA formulate and drive forward relevant policy.

PIMFA Chief Executive, Liz Field, commented: “I am delighted David is joining PIMFA. He brings with him a wealth of experience and knowledge that I am sure will prove invaluable as PIMFA seeks to engage with the FCA, Government, and other stakeholders at a time when we are continuing to advocate for reforms that we know will be of benefit not only to our members but most importantly to consumers.

“PIMFA continues to make the case for reform of the Financial Services Compensation Scheme (FSCS) levy; to combat fraud through our advocacy on the Online Safety Bill; for a simplified advice model designed to widen the availability of financial advice to more people; for a more technology-led industry through the PIMFA Wealth Tech platform and for a more diverse and inclusive industry that better reflects the clients we aim to serve.”

David Ostojitsch, Director of Government Relations and Policy at PIMFA, commented: “I’ve been an admirer of PIMFA for many years. As a trade association, it represents the interests of its members and their clients exceptionally well.”

“I look forward to helping PIMFA members tackle the challenges and grasp the opportunities that lie ahead. There remain many issues that need attention, but, as ever, PIMFA will be there to represent the interests of members and their clients.”

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NOTES TO EDITORS

About PIMFA – the Personal Investment Management & Financial Advice Association

• PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
• The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
• PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies.  Associate members provide professional services to the PIMFA community.
• PIMFA  leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
• PIMFA has made numerous recommendations to the FCA regarding the Future of Advice, the Future of Supervision and the FSCS levy – read more.
• PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
• Find out more about PIMFA’s Diversity and Inclusion work – read more
• Further information can be found at pimfa.co.uk

Contact

For further information on this release or other press matters please contact:

Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376 / +44 (0) 7843 903258

Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869 / +44 (0)7979 493225