Christian Dargnat, CIO of BNP Paribas Investment Partners (BNPPIP), has been elected president of the European Fund and Asset Management Association (EFAMA) for a two year term, having been vice president of the industry body since 2011.
Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
UK investors purchasing securities in countries that have signed up to the financial transaction tax (FTT) will be subject to the charge, despite the UK not having signed up.
It’s not an abbreviation used by Tigger and friends, it’s a tax that could hit both your and your client’s pockets.
