Fefsi Board Meet Tomorrow To Discuss Merger With Eama, Under Threat By Fund Managers To Create A New Body

A group of European fund managers, including AXA Investment Managers, Deutsche Asset Management, Fidelity Investments, Merrill Lynch Investment Managers and UBS Global Asset Management, are planning to establish a pan European trade association based in Brussels, according to a report

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A group of European fund managers, including AXA Investment Managers, Deutsche Asset Management, Fidelity Investments, Merrill Lynch Investment Managers and UBS Global Asset Management, are planning to establish a pan-European trade association based in Brussels, according to a report in the Financial Times. It follows the likely failure of a proposed merger between the Brussels-based European Federation of Investment Funds and Companies (Fefsi) and the European Asset Management Association (EAMA) to create a new body called Europeinvest. Klaus Mossle, president of Eama, told the Financial Times the new body is an alternative to the proposed Fefsi-Eama merger, and will come into being only if that merger fails. The Fefsi board are scheduled to discuss the Eama merger tomorrow.

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