Investment Association boosts Board with two new appointments

Wednesday 16 September

The Investment Association (IA) has today appointed two new members to its Board of Directors – Rachel Elwell, CEO, Border to Coast, and Nicolas Moreau, CEO, HSBC Global Asset Management.  

Announcing the appointments, Chris Cummings, Chief Executive of the Investment Association, said:

“At this moment of change and evolution for our industry, I’m delighted to welcome Rachel and Nicolas to our Board of Directors. Each will bring their unique experience and perspective to the board and I look forward to their support and challenge as the IA helps the industry navigate the changes ahead.

“I’d also like to thank Peter and Joanna for their time, expertise, and good guidance over the years.”

Commenting on her appointment to the Board, Rachel Elwell, CEO of Border to Coast, said:

“I'm very much looking forward to joining the IA board and working with Chris’ team to help shape the future of investment management at this time of huge change both within the industry and across society. The IA’s initiatives, including corporate governance, culture, transparency and sustainability, are key to realising the investment industry's opportunity to make a real difference, touching as we do pensions, savings and insurance for millions of people across the UK and internationally.”

Nicolas Moreau, CEO of HSBC Global Asset Management, said:

“I am delighted to be joining the IA Board. The investment management industry plays a vital role in helping savers invest for their future, and in building strong and sustainable communities, and, as the UK starts to re-build its economy, it’s more important than ever that we play our part in the financing of the post-Covid world.”

The appointments come following the departures of outgoing IA board Chair Peter Harrison, CEO, Schroders, and Joanna Munro, Global CIO, HSBC Global Asset Management. Joanna will now join the IA’s Investment Committee. The appointments were made at the IA AGM meeting today (16 September) and will take effect immediately.


Notes to Editors:

  • Appointments to the IA board are usually for three year terms. Board members may seek re-election after their term is complete.
  • Rachel Elwell joined Border to Coast with over twenty years’ experience of working in pensions and institutional investment, both as a consultant with PricewaterhouseCoopers and latterly at Royal London. In this role she was responsible for both Royal London’s own pension arrangements and for investment strategy and oversight of internal and external management of its insurance assets totalling £80 billion. Rachel is a Cambridge maths graduate and qualified actuary.
  • Nicolas Moreau was appointed CEO of HSBC AM in August 2019. Former head of AXA France and Deutsche Bank’s DWS unit, he replaced Sri Chandrasekharan. Following his exit from DWS, Moreau had moved into several advisory roles and launched his own company, Ladbroke Advisory, which focused on working with asset managers and fintech firms on strategy, products, distribution and takeovers.

For further information, please contact:

Katie Martin, Head of Communications: [email protected]

T: +44 (0)20 7269 4655

Helen Ayres, Communications Manager: [email protected] 

T: +44 (0)20 7269 4620

David Parton, Communications Executive: [email protected]

T: +44 (0)20 7269 4625

IA press office: [email protected]

T: 020 7269 4696

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the investment management industry supports 115,000 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.