The Investment Association – The UK’s asset management trade body has named Peter Harrison as its new board chair, replacing Helena Morrissey from 1 May 2017. Harrison is group chief executive of Schroders, the FTSE100-listed asset manager. In addition, Henderson Group chief executive Andrew Formica has been named deputy chair. Both will serve a fixed two-year term.
Chris Cummings, CEO at the Investment Association, thanked Morrissey for her “tireless and outstanding contribution to the industry in her time as chair”.
European Long-Term Investors Association – The association has launched a High-Level Task Force on Social Infrastructure (HLTF SI), which held its first plenary on Monday, 13 February. The task force is being chaired by Romano Prodi, former president of the European Commission and Italian prime minister. Its vice-chair is Christian Sautter, former French minister of economy, finance and industry.
Global Impact Investing Network – Mark Grier, vice chair of American insurer Prudential, has been appointed chair of the GIIN. He replaces Antony Bugg-Levine, who help establish the network in 2009 and has been chair of the board ever since. Among the network’s European members are Dutch pharmacists’ pension fund PMA, the Belgian Investment Company for Developing Countries, and the IKEA Foundation.
German Corporate Governance Commission – Rolf Nonnenmacher will assume the role of chair of the Regierungskommission Deutscher Corporate Governance Kodex with effect from 1 March 2017. The chair of the government commission is appointed by the German federal minister for justice and consumer protection. Nonnenmacher will replace Manfred Gertz, who has been a member of the commission for 11 years, and its chair since 2013. Nonnenmacher is a supervisory board member of German companies Continental, Covestro, and ProSiebenSat.1 Media, and former chair of the managing board of KPMG in Germany. He was a member of the predecessor government corporate governance commission.
GAM – The Swiss asset manager has opened its first office in Austria. Based in Vienna, the office demonstrated GAM’s commitment to the region, said Daniel Durrer, head of institutional and fund distribution for continental Europe. Gerald Pistracher has been responsible for GAM’s Austrian operations since 2014, previously operating from the company’s Zurich office.
IFRS – The International Financial Reporting Standards Foundation said Sue Lloyd is to take over as chairman of the IFRS Interpretations Committee. The former Goldman Sachs banker, who is also the vice-chair of the International Accounting Standards Board (IASB) is widely viewed as the ‘Mother of IFRS 9’, the IASB’s new financial instruments standard.