The Investment Association (IA) has promoted Johannes Woelfing to the newly created position of Head of European Affairs as part of the trade association’s move to increase its permanent presence in Brussels.
Johannes, formerly Regulatory and Legal Specialist, has been with the IA for four years and will be the IA’s main representative in Brussels as of 1 September 2018. He will be responsible for the IA’s policy work with regards to the EU and setting up the IA’s new Brussels office.
Johannes has led the IA’s work on macro prudential regulation and financial stability, and is a member of EFAMA’s Financial Stability & Prudential Requirements Working Group. He was previously a Political Advisor at the European Parliament and originally trained as a lawyer in Germany.
Chris Cummings, Chief Executive of the Investment Association said:
“With more than £1.4 trillion of European assets managed in the UK, a figure that is growing every year, it is essential that the IA has a more permanent voice in Brussels that can help represent our industry and the clients they serve at a European level.
“I am therefore delighted to promote Johannes to the new role of Head of European Affairs at the IA. Johannes’ industry, legal and policy experience within the European Parliament and the IA will be valuable to ensure the asset management industry’s voice is better understood by policy makers and regulators in Europe.”
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About the Investment Association (IA):
• The IA champions UK asset management, supporting British savers, investors and businesses. Our 240 members manage £6.9 trillion of assets and employ 93,500 people across the UK
• Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
• Our purpose is to ensure investment managers are in the best possible position to:
o Build people’s resilience to financial adversity
o Help people achieve their financial aspirations
o Enable people to maintain a decent standard of living as they grow older
o Contribute to economic growth through the efficient allocation of capital.
• The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
• The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.