On the occasion of its annual general meeting held on Friday 16 June in Amsterdam, Sandro Pierri, CEO of BNP Paribas Asset Management, was elected as EFAMA’s President for a two-year term, running until June 2025. Sandro Pierri has been the CEO of BNP Paribas Asset Management since 2021. He has over 30 years of experience in various leadership roles within the asset management industry, including as former CEO of Pioneer Investments.
Massimo Greco, Vice-Chair Asset Management EMEA at JP Morgan Asset Management, was also elected as EFAMA’s Vice-President. Mr Greco has been Vice-Chair Asset Management EMEA since earlier this year, after heading EMEA Funds for J.P. Morgan Asset Management since 2012. He has 25 years of senior leadership experience at JP Morgan Asset Management and has previously served two terms as an EFAMA Board member.
President of EFAMA, Sandro Pierri, commented:
“It is an honor to serve as EFAMA President for the next two years. In a challenging financial environment, regulation has become a key competitive component for our industry while navigating through major strategic transitions such as the retail investment strategy, sustainable finance and tech. I am deeply convinced that EFAMA has an essential role to play, to help build a true European Capital Markets Union to serve our clients and European savers but also finance the net zero transition. Our industry needs clear rules that allow fund and asset management companies to operate efficiently throughout the Union and beyond and I am truly committed to ensure the voice of our industry is heard at European and international levels.”
Mr. Pierri takes over from Naïm Abou-Jaoudé, CEO of New York Life Investment Management and EFAMA President since 2021.
Mr. Abou-Jaoudé commented:
“I would like to congratulate and wish the best of luck to my successor and friend, Sandro Pierri. I have full confidence that he will lead EFAMA with excellence, ensuring our industry's continued growth and success. I would also like to welcome EFAMA’s new Vice-President, Massimo Greco, and wish the very best to both of you in your mandate.”
Tanguy van de Werve, Director General at EFAMA, commented:
“I wish to thank Naïm for the important contributions he has made as EFAMA President over the past two years. He has been a driving force and a great representative for asset managers during his tenure, successfully leading the association through particularly difficult times. I look forward to taking the association to the next level under the new Presidency and to ensuring that EFAMA remains the strong and inclusive voice of its diverse membership.
Members at the AGM also elected a new Board of Directors for a two-year term.
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Biography of Mr Sandro Pieri
Sandro Pierri has more than 30 years’ experience in the asset management industry. He joined BNPP AM in 2017 as Head of the Global Client Group (‘GCG), its global sales and marketing organisation, and has made a notable contribution to implementing BNPP AM’s growth plan, positioning it as a key player offering high added value investment solutions for individual savers, companies and institutions.
Sandro began his career in 1989 as a portfolio manager with San Paolo Fondi, moving to BNL Gestioni in 1992, before joining ING Investment Management in Italy in 1994, where he held several commercial roles. Between 2002 and 2003 he was Chief Executive of ING Group’s Italian retail business. Following the acquisition by UniCredit/Pioneer of ING’s Italian business, he joined Pioneer Investments, UniCredit’s asset management division, in 2004. He spent 10 years in various commercial and managerial positions, including being appointed CEO in 2012. Sandro graduated in Economics from the Università degli Studi di Torino, Italy.