The European Fund and Asset Management Association (Efama) has selected Amundi’s Nicolas Calcoen (pictured) as its next president, replacing outgoing William Nott who held the position for two years.
Calcoen has been head of finance, strategy and public affairs at Amundi, Europe’s largest asset manager, since 2012. Prior to that, he was chief financial officer at the fund giant.
A member of Efama’s board for around seven years, Calcoen most recently served as vice-president alongside Nott. His term in the organisation’s top spot will run until June 2021.
“Being president of Efama in this specific moment is very challenging,” Calcoen said of his appointment following the annual general meeting hosted by French asset management association, the Association Française de la Gestion Financière.
“Likely adjustments will bring us a number of challenges, however we – as an industry – have an important role to play giving European citizens access to investment opportunities and products which offer value and help them to improve their financial wellbeing.”
“It is only through the combined efforts of the policy-makers, regulators and industry that we could achieve the best for the European citizens and for the European competitiveness,” he said.
The association also elected two vice-presidents – Candriam’s Myriam Vanneste, and Nordea Asset and Wealth Management’s Jarkko Syyrilä – as well as a new board of directors for the standard two-year term.
Efama, Europe’s trade body for the funds industry, represents 28 member associations and 62 corporate members.
As of the end of last year, total net assets of European investment funds reached €15.2 trillion, according to Efama.
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