Naim Abou-Jaoude was named president of the European Fund and Asset Management Association, representing €27 trillion ($32.7 trillion) in assets under management.
Mr. Abou-Jaoude replaced Nicolas Calcoen. EFAMA presidents take on the role in addition to their day-to-day positions outside EFAMA for two-year periods. Mr. Calcoen is head of finance, strategy and public affairs at Amundi.
Mr. Abou-Jaoude is CEO of money manager Candriam.
The trade association also appointed two vice presidents for two-year terms: Peter Branner, CIO at APG Asset Management; and Joseph Pinto, global chief operating officer at Natixis Investment Managers. Messrs. Branner and Pinto replaced Myriam Vanneste, global head of product management at Candriam, and Jarkko Syyrila, head of public affairs at Nordea Wealth Management, a spokesman for EFAMA said.
"While our industry remains vital to investors in achieving their financial goals, we also now have a critical part to play in encouraging a more sustainable and inclusive future," Mr. Abou-Jaoude said in a news release. "As we emerge from the COVID-19 pandemic, the importance of this organization'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."