Julie Patterson, regulatory affairs director for investment funds and retail, will leave the Investment Management Association (IMA) at the end of August.

She will take up a new role as a director at KPMG’s European financial services regulatory centre of excellence covering the investment management sector.

“Julie’s knowledge and experience are unique and her contribution to the promotion and development of asset management in the UK cannot be underestimated. We wish her all the best in her new role,” said Daniel Godfrey, CEO of the IMA.

Patterson has worked at the IMA for over 15 years, shaping legislation and regulation affecting the investment management industry, especially in relation to the increasing volume of rules emanating from the EU.

This has included the introduction of five sets of Ucits rules and the Alternative Investment Fund Managers Directive (AIFMD), driving major reform of the UK fund tax regime and the introduction of new fund structures, as well as initiating robust processes and practices for funds.