FTSE Group has named investment expert Elroy Dimson as the chairman of its policy group.
Dimson, who is emeritus professor at London Business School, fellow and visiting professor at Cambridge Judge Business School and chairman of the strategy council for the Norwegian Government Pension fund, was involved in setting up FTSE’s first indices in 1984.
The policy group advises FTSE on the construction and maintenance of indices and on future market requirements. It also oversees other FTSE committees including those responsible for regional equities, nationality, country classification, sector classification and bond indices.
Dimson replaces David Hobbs, who has chaired the policy group since March 2010. Hobbs will continue to advise FTSE as a consultant.
FTSE chief executive Mark Makepeace says: “I am personally delighted that professor Dimson has agreed to take this senior position within the FTSE committee structure.
“His extensive experience and knowledge of investment management issues will help FTSE to continue to develop its strong governance and innovative approach to indexing.