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    Ted Truscott named Chairman of fund industry trade group

    A Boston investment industry executive has been been named chairman of the board of governors of the mutual fund industry’s trade and lobbying group, the Investment Company Institute, for a one-year term.

    William F. “Ted” Truscott, chief executive of Columbia Threadneedle Investments, was first elected to the Institute’s board in 2007 and has served on its executive committee since 2012. He also has been chief executive of Columbia Threadneedle since 2012.

    As chairman, Truscott will preside over the governing body of the Institute, and the board’s executive committee. The board is responsible for setting policy and overseeing activities of the Institute, whose members include mutual funds, exchange-traded funds and other investment groups.

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    In a statement, Truscott said he looks forward to working with the ICI “as we work to inform a large regulatory agenda.”

    The Institute also elected three new governors, including Erik R. Sirri, a finance professor at Babson College and an independent director at the Natixis and Loomis Sayles funds in Boston.

    Beth Healy can be reached at beth.healy@globe.com. Follow her on Twitter @HealyBeth.