BELGIUM - The European Fund and Asset Management Association (EFAMA) - the representative body for the European investment management industry - has announced the creation of the "President's Advisory Council".
The 10-strong team of fund and asset management chief executive officers (CEOs) will advise the president on “matters of significance” to the industry.
EFAMA director general Peter de Proft said the council will act as a decision-making “sounding board” for current president Jean-Baptiste de Franssu, assisting in setting the organizations’ long-term strategic goals.
He added: “In terms of strategic direction, it is critical that the president’s decision making is informed by people who are confronted with the realities of asset management in Europe…The [president’s] advisory council provides a direct link between the president and the industry.”
He also argued that the global economic crisis has fostered more “creative thinking” in asset management, and hopes the advisory council will encourage an “exchange of creative ideas” amongst participants.
Franssu said: “The exchange of views, perspectives and the setting of priorities within the President’s Advisory Council will greatly enrich and strengthen the role that EFAMA will play in the coming years. EFAMA, as the voice of the industry, is in constant dialogue with the European Commission, the European Parliament, CESR/ESMA and other regulators and legislators. The creation of the Council is one of the many steps we have taken recently to strengthen our governance and ensure that we will deliver on our strategic focus.”
The 10 members of the President’s Advisory Council are:
· Juan Alcaraz, CEO Allfunds Bank
· Dominique Carrel-Billiard, CEO AXA Investment Managers
· Alain Dromer, CEO Aviva Investors
· Joachim Faber, CEO Allianz Global Investors
· John Fraser, CEO & Chairman of UBS Global Asset Management
· Dario Frigerio, CEO Pioneer Global Asset Management
· Martin Gilbert, CEO Aberdeen Asset Management
· Philippe Marchessaux, CEO of BNP Paribas Investment Partners
· Roderick Munsters, CEO Robeco
· Allan Polack, CEO Nordea Savings & Asset Management
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