Posts Tagged “Santander Asset Management”

EFAMA leads the asset management industry in a call for pan-European long-term savings product in closed door session at FundForum International 2010

July 2, 2020


Jean Baptiste de Franssu, President, EFAMA speaking at FundForum International 2010

Eddy Wymeersch, Chairman, CESR at FundForum International 2010

In an intense and wide ranging meeting which included those representing the regulatory view, the investment industry and investor representatives today, five key issues were debated in the new closed door session at FundForum International 2010.

The panel, moderated by Tom Brown, Partner at KPMG, consisted of Eddy Wymeersch, Chairman of CESR; Jean-Baptiste de Franssu, President of EFAMA; Consumer advocates Mick McAteer and Guillaume Prache; Marc Garvin, Chairman International Business, Treasury and Securities Services of JPMorgan as well as the members of the EFAMA President Advisory Council: Juan Alcaraz, CEO of Allfunds Bank and Santander Asset Management; Dominique Carrel-Billiard, CEO of AXA Investment Managers; Alain Dromer, CEO of Aviva Investors; Roderick Munsters, CEO of ROBECO, Martin Gilbert, CEO of Aberdeen Asset Management; Allan Polack, CEO of Nordea Savings and Asset Management; Peter De Proft, Director General of EFAMA and Claude Kremer, Vice-President of EFAMA.

First up on the agenda was the issue of long term savings and distribution in particular on the back of the report entitled Revisiting the landscape of European long-terms savings published by EFAMA at the beginning of the year.

The attendees were supportive of creating a pan-European long-term savings product which will meet the needs of the ageing population of Europe, one of the greatest challenges facing Europe today. It is the European asset management industry’s aim to provide a solution to this problem. European consumers need a product that is simple, cost effective and transparent to encourage long term savings which the investment management industry can provide. Effective distribution and advice on savings products across Europe are major challenges, from a regulatory, supervisory and commercial standpoint.

The second issue under debate was shareholder engagement, both in terms of activism and stewardship. Asset managers need to go beyond a short termist approach and engage in a long term dialogue with the companies in which they invest. The group acknowledged that it is essential to find the right balance between their fiduciary duties to their investors and their role as investors in a company, and to find proper mechanisms for effective engagement.

The third item on the agenda was the evolving supervisory framework in the EU and how it will impact on the asset management industry. ESMA, one of the three new authorities will be an independent body not comparable to the SEC, operating as a co-ordinating rather than guiding force. The aim is that will ultimately lead to a more harmonised approach in regulation across Europe.

Turning to the issue of new regulation for depositaries, the industry representatives said that the existing global custody model has served the industry and investors well but there is a legitimate argument for strengthening investor protection. The industry representatives on the panel felt that new regulation should not lead to an overhaul of a well established body of practices.

The session concluded with a look at the growing fund group of ETFs. Panellists discussed how the characteristics of these funds have an impact on existing distribution models.

Who will you meet next week at FundForum International 2010 in Monaco?

June 21, 2020

The who’s who of the asset management industry will be in Monaco from 28th June - 2nd July attending the 20th Annual FundForum International 2010

PLUS: joining the unbeatable line-up of over 160+ senior expert speakers are:

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Lord Myners, CBE, former UK Financial Services Secretary

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“The Myners Interview with Paul Marshall, Marshall Wace will focus on the Hedge Fund view of the future of the Funds Space and the role of alternatives in the Retail World “

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Jamie Broderick, J.P. Morgan Asset Management Europe

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“An Insider’s perspective on how Asset Management can become a vibrant , useful and profitable industry”

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Juan Alcaraz, Santander Asset Management

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“participating in an expert panel discussion on the ‘Path to regaining Investor trust in Asset Management’ “

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Massimo Tosato, Schroders

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“speaking on the challenges of building a customer-centric business to sustain future profits”

Over 1000+ Senior Asset Managers, Fund Selectors and Advisers are confirmed including

SEB Wealth Management * Erste-Sparinvest KAG * Alter Capital * martInvestments * LV Asset Management * Citi Private Bank * Danske Bank * Caja Ingenieros Gestion * Vantis Financial Management * DWS Investments * AXA MPS Financial Limited * Finance-Doc Multimanagement * Calastone Limited * Coeli AB * Skandia Fonder AB * Societe Generale Private Banking * GDP AM Sim S.p.A * Godvig Capital * LGT Capital Management * Christian Philippsen * Allfunds Bank * max.xs Financial Services AG * Quantis Investment Management * Ålandsbanken Sverige AB * Santander Asset Management * Barclays Wealth * Lombard Odier Darier Hentsch & Cie * Invesco * Morgan Stanley Private Wealth Management * Thames River Capital * Citi * F&C Investments * A.A.Advisors * Standard Life Group plc * Legal & General * Banco Inversis * Towry Law * Nextam Partners * Nordea Investment Funds * HSBC Multi-Manager Investments * Unicredit Private Bank * LGT Capital Management * PFA Pension * Abu Dhabi Commercial Bank * FundQuest UK * Carrington Wealth Management * Lansforsakringar Asset Management * Architas * Pioneer Investments * Deutsche Bank Private Wealth * London Pension Fund Authority * Deutsche Bank AG * London Pension Fund Authority * ABN AMRO Private Bank * Skandia Investment Group * Citi Global Consumer Group EMEA and many more…

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Make Contact & Set Up Meetings Now on FundForum e-Networker

♦ Now Live! Investor Search Criteria now live on – find the investors interested in your strategies, contact them and set up meetings! Now Blackberry and iPhone enabled to help you find investors and set up meetings while at the event too.

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