Eric J. Pan was named president and CEO of the Investment Company Institute, effective Nov. 9, a spokeswoman confirmed.
Mr. Pan succeeds Paul Schott Stevens, whose retirement was announced in January. Mr. Stevens, who has led the trade group since June 2004, will retire at the end of the year.
Mr. Pan will be ICI's 10th CEO in its 80-year history. He will direct the association's 174 staff members across offices in Washington, London and Hong Kong.
"Eric Pan's global experience, deep financial and regulatory insight, and strong commitment to investor protection and service uniquely qualify him to lead ICI into its ninth decade," said George C.W. Gatch, ICI chairman and CEO of J.P. Morgan Asset Management, in a news release. "The board is confident that he will continue to advance the strong organization that Paul Stevens helped build and lead it to navigate the new challenges and opportunities ahead."
In a statement provided by the spokeswoman, Mr. Pan said: "I am excited to be joining ICI at a time when the fund industry is more important than ever in helping investors achieve their long-term financial goals. I believe strongly in the power of open, well-functioning, global markets, and ICI's work will help ensure that UCITS can deliver benefits to investors around the world. I also look forward to engaging with European policymakers as they work to create a Capital Markets Union and making the case that regulated funds play a key role in supporting European economic growth."
Mr. Pan was director of the Commodity Futures Trading Commission's Office of International Affairs. He left the agency in August.
