EUROPE – The European Asset Management Association (EAMA) has elected Klaus Moessle of Deutsche Asset Management in Frankfurt as its president.

Moessle, who will hold the position until next year’s election, replaces Donald Brydon, who has been president for the last two years.

Michael Hagg, secretary general of EAMA says the election reflects the strengths of the organisation: “Klaus is based in Frankfurt rather than London and I think that one of the strengths of our organisation is that we have direct corporate involvement. I believe Klaus has worked in America also with Deutsche and brings all the strength of his corporate experience to the position.”

The association is divided in to two segments; national trade associations, of which there are five, and around 30 asset management companies.