Posted on by Nigel Ross-Scott

Press Release
PIMFA Welcomes Three New Board Members

6th September 2018

The Personal Investment Management and Financial Advice Association (PIMFA) is delighted to announce the arrival of three new Board members (detailed below), adding their considerable experience, skill and commitment to the voice of the UK’s leading wealth management and financial advice trade body. The three are:

Tracey Davidson is currently the Chief Executive of Heartwood Wealth Management Limited, a wholly-owned subsidiary of Handelsbanken Group. Having led the acquisition team, Tracey naturally left her position as Head of Handelsbanken Northern UK to lead integration and business development at Heartwood and became CEO in 2014. Speaking on her appointment, she said:

“PIMFA fulfils an important role representing and supporting wealth management, investment management and financial advice firms in the UK and I am delighted to support this activity by joining the Board at such a key time for our industry.”

Myles Marmion is currently Chief Financial Officer for Ruffer and previously worked at ED&F Man Holdings, where he was Group Chief Financial Officer and previously Head of Corporate Finance and Risk. He started his career at Ernst & Young and then worked for Robert Fleming Holdings Limited and Maple Financial Group. In 2009 he joined Ruffer who, as at 31st July this year, have £22.4 Billion in assets under management. On joining the PIMFA Board, Myles said:

“Our industry plays an important role in the lives of our clients, and in the wider economy.  I’m very pleased to be joining the PIMFA board and to contributing to PIMFA’s work in the years ahead.”

Penny Lovell was appointed as CEO of The Private Office and the Sanlam UK Executive Committee in 2017. She has over 25 years advising private clients, families and charities. Previously Penny was Managing Director at Rothschild and Fleming Family and Partners. Before Joining Sanlam, Penny was Head of Private Client, Marketing and Distribution at Close Brothers Asset Management and a member of the Executive Committee. Commenting on her appointment, she said:

“The UK is a global leader in investment advice and financial management. But for that position to be maintained, we as an industry must all work together. I very much look forward to helping PIMFA continue to act as a strong and united voice for its combined membership, as well as ensuring that responsible stewardship remains at the heart of the industry. It’s a real privilege to be joining the board and I can’t wait to get started.

PIMFA Chairman Lord Deben had this to say on the appointments:

“I am delighted to welcome these three industry leaders to the PIMFA Board.  Their experience and expertise will be invaluable in advancing our cause of creating an optimal operating environment for our member firms so that they can focus on guiding individuals and families to build their personal financial futures.”

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 Notes for Editors

About PIMFA – the Personal Investment Management & Financial Advice Association

  • PIMFA is the leading trade association for firms that provide investment management and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
  • 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.
  • PIMFAleads 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 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 going back for 27 years – read more.
  • pimfa.co.uk

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