The Association of Investment Companies (AIC) has appointed Richard Stone as chief executive of the Association effective from 13 September 2021.
After a short handover period, Ian Sayers, the AIC’s current chief executive will step down in October.
Elisabeth Scott, chair of the AIC, said: “On behalf of the board, I am delighted that Richard has accepted this position. He brings a strong track record of leadership and business growth in the financial services sector. The board believes that Richard is well placed to build on the many successes achieved by the AIC under Ian’s tenure. Ian leaves with our grateful thanks and good wishes for the future.”
Richard Stone, incoming Chief Executive of the Association of Investment Companies (AIC), said: “It is a real privilege to be taking on the role of steering the AIC, continuing the great work the Association does to protect and promote the interests of its members and their shareholders. I’d like to thank Ian for all his efforts in the last 20 years as Technical Director and then Chief Executive.
“The AIC works hard on behalf of its members and I look forward to continuing that work, for example on issues such as the government’s proposed audit reforms and the ability, post Brexit, for the UK to reform the prospectus requirements. At all times I believe regulation and any regulatory change should be proportionate and whilst protecting investors should look to enhance UK competitiveness.”
Richard Stone was chief executive of Share plc (The Share Centre platform) from 2014 to 2020 and was finance director from 2006 to 2013. Mr Stone is an ICAEW Chartered Accountant.