EUROPE - Stefan Bichsel, member of the management board of Amsterdam based Robeco Group, has been elected as president of the European Fund and Asset Management Association (EFAMA).
He succeeds Wolfgang Mansfeld from Union Investment in Frankfurt, who has served as president of the association since 2002.
In addition, EFAMA has appointed Mathias Bauer, managing director at Raiffeisen Capital Management (RCM) in Vienna, as vice president. Bauer succeeds John Fitzpatrick, executive director of Northern Trust Ireland who has been vice president of FEFSI/EFAMA since 2002.
Both were elected at EFAMA’s annual general meeting in Istanbul. Bichsel has been elected for a two-year term.
EFAMA said over the next two years, Bichsel and Bauer will focus on: the realisation of a single market for investment management; increasing the efficiency of the European investment management industry and strengthening communication and co-operation with the European Commission, the European Parliament and CESR.
At the end 2004 EFAMA represented over EUR 10 trillion in assets under management.
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Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.