The European Fund and Asset Management Association (Efama), has elected Alexander Schindler as president for a two-year term.

Schindler, who was previously vice-president of Efama, will replace Christian Dargnat.

“The far reaching EU agenda, after the renewal of the mandates of both the European Parliament and European Commission last year, presents both a challenge and an opportunity for our industry and its role in the long-term growth and financing debate," said Schindler in his inaugural address as president of Efama. 

"I am very proud to get the chance to build on the strong progress and constructive dialogue process Christian and the Efama team have put in place for the past two years."

Efama members have also elected William Nott, the CEO of M&G Securities, as vice-president for the same two year term.

Nott has been CEO of M&G Securities, the combined Retail Business covering the UK, Europe and Asia, since March 2006. Nott has served as a member of the board of directors of Efama for six years and has been on the board of the UK’s Investment Association since 2007.