Naim Abou-Jaoude was named chairman of the European Fund and Asset Management Association, representing €27 trillion ($32.7 trillion) in assets under management.
Mr. Abou-Jaoude replaced Nicolas Calcoen. EFAMA Presidents take on this role in addition to their day-to-day functions outside EFAMA for periods of two years. Mr. Calcoen is responsible for finance, strategy and public affairs at Amundi.
Mr. Abou-Jaoude is CEO of fund manager Candriam.
The trade association has also appointed two vice-presidents for a two-year term: Pierre Braner, CIO at APG Asset Management; and Joseph Pinto, Chief Operating Officer at Natixis Investment Managers. Messrs Branner and Pinto replaced Myriam Vanneste, Global Head of Product Management at Candriam, and Jarkko Syyrila, head of public affairs at Nordea Wealth Management, said an EFAMA spokesperson.
“While our industry remains vital for investors in achieving their financial goals, we also have a critical role to play in encouraging a more sustainable and inclusive future,” Mr. Abou-Jaoude said in a press release. “As we emerge from the COVID-19 pandemic, the importance of this organization’s work on behalf of our industry could not be more pressing. low-carbon and building back better is one of my priorities.”