Our Standing Committees are the living heart of EFAMA’s policy and regulatory work, where members regularly meet to exchange information and ideas, to discuss and form industry views on policy initiatives and new regulation, with a view to shape and support EFAMA’s advocacy on behalf of the European asset management industry.
Committee Chairs and Vice-chairs are appointed by the Board for a 2-year term, upon a recommendation by the Board's Nomination Committee.
This Standing Committee focuses on fund distribution and disclosures to investors. These include investor protection and disclosure issues arising from the evolving PRIIPs and MiFID frameworks, the shift towards digital distribution tools, and the continued integration of ESG considerations into fund products.
EFAMA coordinator: Andreas Stepnitzka
Chair: Randy Pattiselanno, DUFAS (NL)
Vice-chair: Julia Backmann, Allianz Global Investors (DE)
This Standing Committee reviews the draft reports prepared by EFAMA’s in-house research team. It provides insights on relevant national developments and expert industry views. The Committee also acts as a driving force for strengthening EFAMA’s research capabilities, in particular in the area of data, to support our advocacy activities.
EFAMA coordinator: Bernard Delbecque, Thomas Tilley
Chair: Alessandro Rota, Assogestion
Vice-chair: Thomas Valli, AFG (FR)
Taskforce: European Fund Classification (Coordinator: Thomas Tilley)
Chair: Miranda Seath, the IA (UK)
Taskforce: Fund Charges and Performance (Coordinator: Bernard Delbecque/Andreas Stepnitzka)
Chair: Agathi Pafilli, Capital Group (LU)
Taskforce: Member Contributions (Coordinator: Thomas Tilley)
Chair: Camille Thommes, ALFI (LU)
This Standing Committee monitors and analyses fund product regulation such as UCITS, AIF and ELTIF, as well as developments related to EU asset protection rules. Service providers for investment fund products also fall within the remit of this Committee and an additional three Taskforces.
EFAMA coordinator: Elona Morina
Vice-chair: Stuart Corrigall, Blackrock
Taskforce: Exchange-traded funds (Coordinator: Federico Cupelli)
Chair: Keshava Shastry, DWS
Taskforce: Money market funds (Coordinator: Federico Cupelli)
Chair: Gregory Dulski, Federated Hermes
Taskforce: Benchmarks (Coordinator: Elona Morina)
Chair: Christophe Binet, BNP Paribas Asset Management
This Standing Committee looks at topics related to management companies’ activities and services, prudential requirements for asset managers, and financial stability issues relevant for the sector. The Committee’s been particularly active in the area of risk management, which has proven extremely valuable during the Covid-19 pandemic.
EFAMA coordinator: Gwen Lehane
Chair: Dr Joachim Hein, Union Investment
Vice-chair: Elisa Ricon, INVERCO (ES)
Taskforce: Anti-money laundering (Coordinator: Gwen Lehane)
Chair: Evelyne Christiaens, ALFI (LU)
Subgroup: Operational Resilience (Coordinator: Gwen Lehane)
This Standing Committee is responsible for developing EFAMA’s positions on pension issues. In recent years, the Committee has focused its activities on the pan-European Personal Pension Product (PEPP) and provided input to the European Commission and EIOPA to contribute to the design of a successful PEPP. The Committee also keeps an eye on the IORP Directive, which is due to be reviewed by January 2023.
EFAMA coordinator: Bernard Delbecque
Chair: Jonathan Lipkin, the IA (UK)
Vice-chair: Laure Delahousse, AFG (FR)
This Standing Committee works towards mainstreaming sustainability into asset managers’ business, through the integration of ESG considerations in investment decisions and strengthening firms’ role as stewards of investee companies. Its members follow the development of EU sustainable finance policy initiatives on transparency and disclosures, ESG data, sustainable corporate governance, standards and labels.
EFAMA coordinator (interim): Andreas Stepnitzka
Co-Chair (Sustainable Finance): Isabelle Cabie, Candriam (BE)
Co-Chair, interim (Stewardship): Hanzel Fadrilan, Baillie Gifford (UK)
Taskforce: Common Ownership (Coordinator: Gwen Lehane)
This Standing Committee focuses on the evolution of EU supervisory rules over asset management entities, falling essentially within the remit of ESMA. The committee also monitors major non-EU, third-country developments with an impact on European fund management companies, such as U.S.-related developments, Brexit implications/equivalence determinations and regional passporting initiatives.
EFAMA coordinator: Marin Capelle
Chair: Pierre Bollon, AFG (FR)
Vice-chair: Thorsten Ziegler, Allianz Global Investors
This Standing Committee discusses all relevant tax topics with importance to the European asset management industry. The focus lays on mainstream funds; when of broad relevance, we may discuss alternative investment fund tax-related issues, such as Tax transparency packages or EU FTT.
EFAMA coordinator: António Frade Correia
Acting Chair: Vilma Domenicucci, ALFI (LU)
Taskforce: VAT (Coordinator: António Frade Correia)
Chair: Michel Lambion, Deloitte
Taskforce: Blockchain for Taxes (Coordinator: António Frade Correia)
Chair: Mariano Giralt, BNY Mellon
Taskforce: Accounting (Coordinator: António Frade Correia)
Chair: Jonathan Child, Aberdeen Standard
This Standing Committee oversees matters relating to that asset managers’ buy-side role in financial markets. It seeks to protect the interests of the end-investors by promoting fair, efficient, and transparent investment markets, supported by robust, well-regulated market infrastructures to ensure financial stability. MiFID/MiFIR, EMIR, CSDR or SFTR are among the key files under the remit of the Committee.
EFAMA coordinator: Susan Yavari
Vice-chair: Vanaja Indra, Insight Investment
Taskforce: Trade and Transaction Reporting Standards (Coordinator: Susan Yavari)
Chair: Mike Rinker, Union Investment
The Platform is responsible for EFAMA’s activities in financial and investor education. It limits its focus to select projects likely to have a material impact, such as the sponsorship of a financial literacy committee set up by the European Youth Parliament, the preparation of a new publication to highlight principles for saving and investing for millennials, and an update on industry driven investor education initiatives.
EFAMA coordinator: Bernard Delbecque / Marin Capelle
Chair: Denise Voss
Vice-chair: Natalie Westerbarkey, Fidelity International
The EU decision-making process at times requires that industry swiftly reacts to the latest policy developments. Our Public Policy Platform (PPP) plays a key role in providing this rapid response, sharing the latest intelligence and coordinating timely and effective advocacy strategies. Testament to the PPP’s value-add is the sharp rise in the participating members since its inception. The PPP allows us to leverage the networks of our members, amplifying EFAMA’s reach and effectiveness.
EFAMA coordinator: Vincent Ingham