BNP Paribas Asset Management chief executive Christian Dargnat has been elected as the new president of the European Fund and Asset Management Association.
Dargnat, who is also the chief investment officer of BNP Paribas Investment Partners, was elected to the office during the trade body’s annual general meeting, which took place on 21 June. He will serve a two-year term as president.
Since June 2011, Dargnat has served as Efama’s vice-president. In his new role, he succeeds Claude Kremer who has been president since 2011.
Dargnat says: “I am honoured to be elected as president of such a widely respected and influential industry body as Efama.
“Having spent two years as vice-president, I have witnessed my predecessor, Claude Kremer, work tirelessly alongside the Efama team to support the industry and the end investor and I am grateful for the solid foundation upon which I take on this role.”
The trade body also voted for Alexander Schindler, a member of the executive board of Union Asset Management, to replace Dargnat as vice-president. Schindler was elected to Efama’s board of directors in May 2012 and was made a member of the board’s management committee in June 2012.