Europe’s central investment industry trade association, the European Fund and Asset Management Association (EFAMA) announced the election of Naïm Abou-Jaoudé as its new President. Abou-Jaoudé, is CEO of sustainable investment-focused asset management firm CANDRIAM.
Upon his appointment, Abou-Jaoudé said that he would put sustainability and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. factors high on the agenda at EFAMA.
Abou-Jaoudé said:
“As we emerge from the Covid-19 pandemic, the importance of this organisation’s work on behalf of our industry could not be more pressing. There is much to do and helping Europe to transition into a low carbon economy and build back better will be a top priority of mine. I look forward to working with the team and Board of Directors in steering the efforts of EFAMA and maximising its positive contribution at both the European and international level.”
CANDRIAM, an affiliate of New York Life, is a $165bn global multi-specialist asset manager, focused on sustainable investing. Abou-Jaoudé has served as CEO of CANDRIAM since 2007, is also the Chairman of New York Life Investments International, an asset manager with assets under management of over $600 billion.
Along with the election of Abou-Jaoudé, EFAMA also announced appointment of APG Asset Management’s Chief Investment Officer Peter Branner, and Natixis Investment Managers’ Global Chief Operating Officer Joseph Pinto as Vice Presidents on the Board of Directors. Each of the appointments are for two-year terms.
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