The European Fund and Asset Management Association (Efama) has appointed Tanguy van de Werve as its new director general, after Peter De Proft stepped down in June.
In an announcement, Efama said from 1 January 2019 van de Werve would be responsible for the implementation of the association’s strategic agenda, and leadership and management of its secretariat in Brussels.
Prior to Efama, van de Werve was managing director and head of the Brussels office for the Association for Financial Markets in Europe (AFME) for three years. He was also director general of trade bodies Eurofinas and Leaseurope for almost 10 years.
Efama president, William Nott, said van de Werve had an excellent track record in leading complex industry associations, raising the profile of industries he represented, and achieved tangible and quantifiable results with EU policymakers for those industries.
“Tanguy’s experience of the sell-side will also be instrumental in necessary future coalition building and collaboration on regulatory issues of mutual interest – and his experience of dealing with international bodies will also be crucial as the asset management industry collaborates with international regulators such as the Financial Stability Board, IOSCO [International Organisation of Securities Commissions] and the European Systemic Risk Board,” he said.
De Proft will remain an honorary director general and will advise van de Werve during the transition period to the end of June 2019. He was director general for 11 years.
On his appointment, van de Werve said: “Peter will leave big shoes to fill at Efama and I look forward to benefitting from his experience and guidance, as I aim to pick up where he has left off”.
“As investors in financial markets and stewards of capital and long term savings, asset managers are ideally placed to help address crucial societal challenges, such as the increasing retirement savings gap, the need to finance long term infrastructure, and the transition towards a greener economy,” he said.