20/06/2011
By Ilonka Oudenampsen
The European Fund and Asset Management Association (EFAMA) has announced that Claude Kremer was elected president of EFAMA for a two-year term. Christian Dargnat and Massimo Tosato were elected vice-presidents.
The representatives of the European investment management industry elected the new EFAMA head and vice-presidents during the annual general meeting (AGM) in Lucerne. It is the first time the Association has elected two vice-presidents, which it said reflects “its commitment to engaging with the industry regulatory and operating environment”.
Kremer has already served as vice-president and will succeed Jean-Baptiste de Franssu who served for two years. The new president was chairman of the Association of the Luxembourg Fund Industry (ALFI) for four years and has acted as a non-executive board member of a number of Luxembourg funds and listed companies. He is also a founding partner and head of investment management at the law firm of Arendt & Medernach, based in Luxembourg.
Dargnat is chief executive officer and director general of BNP Paribas Asset Management. Tosato is executive vice chairman of Schroders.
In his election speech at the AGM, Kremer said: “I have identified the following five priorities which put the investor at the heart of our strategy: Promote long-term savings; encourage investor information and education; support beneficial regulatory measures; promote the UCITS brand in Europe and beyond; and increase the legitimacy of the European fund and asset management professionals. I believe these priorities capture the essence of what we wish to achieve over the next two years.”
In addition to the elections, the AGM marked the formal acceptance of 15 new corporate members and 18 associate members, which saw EFAMA’s membership increase to 56 corporate members and 27 national member associations.
Other stories you may find of interest:
March 2010 Products
A round-up by European Pensions
Product launches - April 2010
A round-up by European Pensions
