The election took place during the association’s annual general meeting in Lucerne. Representatives of the European investment management industry also appointed two vice-presidents, Christian Dargnat and Massimo Tosato. It is the first time that EFAMA has elected two vice presidents and marks its commitment to engaging with the industry and regulatory bodies.
Kremer has already served as vice-president and will succeed Jean-Baptiste de Franssu who served for two years. Kremer was chairman of the Association of the Luxembourg Fund Industry (ALFI) for four years and has acted as a non-executive board member for a number of Luxembourg funds and listed companies.
Dargnat is chief executive officer at BNP Paribas Asset Management (BNPP AM). He joined in 2006 as chief investment officer of BNP Paribas Investment Partners and became a member of the executive board. He was named director general of BNPP AM in April 2009.
Tosato is executive vice chairman of Schroders plc. He joined Schroders in 1995 as managing director of investment management in Italy before he was relocated to London to become head of Schroder Investment Management for Continental Europe and the Middle East.
In his election speech at the AGM, Kremer identified five priorities for the coming two years:
“Promote long-term savings, encourage investor information and education, support beneficial regulatory measures, promote the Ucits brand in Europe and beyond, increase the legitimacy of the European fund and asset management professionals. I believe these priorities capture the essence of what we wish to achieve over the next two years.”
