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Investment Association adds seven to board, but doesn’t know if it has met ethnic diversity target

The IA says it needs to ask new board members to complete a survey before it can confirm if it has met a key diversity target

Hassan Elmasry, managing partner at Independent Franchise Partners is joining the IA board
Hassan Elmasry, managing partner at Independent Franchise Partners is joining the IA board

The UK's trade body for asset managers has added a cohort of heavyweight industry executives to its board, but remains unclear if it has addressed criticism received over a lack of ethnic diversity.

Among the seven new additions to the Investment Association's board are BlackRock's Stephen Cohen, who heads the US asset manager's business in Europe, the Middle East and Africa, as well as Schroders chief executive Peter Harrison.

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