William Nott of M&G Investments has been elected as president of the European Fund and Asset Management Association (Efama) on a two-year term.
Mr Nott, who heads up M&G’s retail business and is chief strategy officer for the company, will now lead the European trade body until 2019. He replaces Alexander Schindler, who ran the institutional arm of German asset manager Union Investment.
His role as president will extend his association with the European trade body. Mr Nott has served on the boards of Efama and, before that, its UK counterpart the Investment Association (IA) since 2007.
Efama acts as the collective arm of lobbying and industry-government relations for European fund groups. M&G does not currently have a representative on the board of the IA.
Mr Nott’s promotion to president brings an end to his two-year tenure as vice-president, a position to be filled by Amundi chief finance officer Nicolas Calcoen.
The M&G retail head said: “I look forward to continuing the excellent work of our outgoing president who has been unrelenting in ensuring the views and concerns of Efama and its members have been clearly heard by policymakers and regulators.”
Peter de Proft, director general of Efama, said: “Efama is resolute to actively engage in the global and European regulatory debates that govern and drive our business model in a new European world. Our new presidency will surely help us achieve this.”