The European Fund and Asset Management Association (Efama) has elected Alexander Schindler with unanimity of votes as president for a two-year term until June 2017.
The association also unanimously elected William Nott, the Chief Executive Officer of M&G Securities, as its vice-president for the same two-year term.
Alexander Schindler, who served as vice-president of Efama from June 2013, will succeed Christian Dargnat, who has been President since 2013.
Schindler was elected as a member of the board of directors of Efama in May 2012 and as a member of the management committee of the Board of Directors of Efama in June 2012. He became a member of the Executive Board of Union Investment in January 2004.
He has also been a member of the Board of Directors of BEA Union Investment Management Limited, Hong Kong since 2007. He is a qualified banker and lawyer.
The new vice president, Nott, is Chief Executive of M&G Securities, the combined Retail Business covering the UK, Europe and Asia, a post he has held since March 2006. He was previously Chief Executive Officer of M&G International, overseeing the development of M&G’s fund distribution into Europe.
He has served as a member of the Board of Directors of Efama for six years and has been on the board of the UK’s Investment Association since 2007.
He has been a member of the Consultative Working Group of the European Securities and Markets Authority‘s Investment Management Standing Committee, having previously served as a member of CESR Consultative Working Group on Asset Management.
In his inaugural address as President of Efama, Schindler said: “I want to thank our Members and Board for giving me the opportunity of presiding such a widely respected and influential industry body as Efama.
“Having been involved in this association for three years, I am a strong admirer of the work that my predecessors have conducted, and most recently what has been achieved under Christian Dargnat’s mandate during a particularly defining time for the European asset management industry.
“The far reaching EU agenda, after the renewal of the mandates of both the European Parliament and European Commission last year, presents both a challenge and an opportunity for our industry and its role in the long-term growth and financing debate. I am very proud to get the chance to build on the strong progress and constructive dialogue process Christian and the Efama team have put in place for the past two years.
“Efama is the voice of the asset management industry and strives to be considered as a valuable and reliable partner for legislators, regulators and market stakeholders. With our new Vice-President William Nott and the crucial support of all of our members, we will make sure this keeps being the case, and will continue our work with the European institutions to ensure that the legislative measures and long term goals that they formulate benefit the end-investor, industry and economy.”
Members at the AGM also elected a new board of directors for a two-year term.