The decision by FEFSI - the pan-European equivalent of the UK's Investment Management Association - to open the doors to direct corporate membership as opposed to remaining simply an association of associations does not threaten the IMA or its equals, says secretary general Steffen Matthias.
Brussels-based Matthias says the objective of the new membership rules agreed by FEFSI’s board yesterday is to provide a route for information and services to existing pan-European investment groups and asset managers without threatening the traditional role of national organisations.
”FEFSI will remain an association of associations,” he says.
”But, it will additionally open itself up to corporate members. The role of FEFSI is more about political issues, focused on European themes. National associations are for national themes.”
That said, Matthias adds pan-European corporate members will find their memberships will enable them to find a voice on committees and other facets of the association.
Yet, even those asset managers without a broader presence across the EU will also find interest in what FEFSI gets up to, he admits, with issues such as corporate governance and directives moving to the heart of discussions at national level.
No decisions have been taken yet on how the message of corporate membership will be passed on, such as through a roadshow in London, he adds.
”Now we have to implement the [board’s] decision,” Matthias says.IFAonline
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