New global funds body appoints Giles Swan as leader

ICI Global, the recently launched global trade body for the fund management industry, has announced Giles Swan will be joining as director of Global Funds Policy, starting in January 2012.

ICI Global focuses exclusively on the perspective of globally active funds. It seeks to advance the common interests and promote public understanding of global investment funds, their managers, and investors. ICI members and their affiliates manage globally at least $16.38trn of UCITs, mutual funds, or 62% of the $26.6trn in global mutual fund and ETF assets.

Swan comes to ICI Global from the UK’s Financial Services Authority (FSA), where he was a technical specialist on the collective investment schemes policy team. He will report to Dan Waters, managing director of ICI Global.

“ICI Global is gearing up to engage with the critical global fund issues of the day,” said Waters. “Giles’s expertise and experience, and his excellent relationships with the fund management industry and regulatory policy makers will be a senior addition to the ICI Global team.”

Swan led negotiations for the FSA in the Council of Ministers and the European Parliament on the Alternative Investment Fund Managers Directive (alongside HM Treasury), since the Directive’s original publication. He has chaired one of the four ESMA Task Forces developing the implementing measures under the Directive and represented the FSA in ESMA’s Investment Management Standing Committee.

Swan joined the FSA in May 2005, initially supervising asset management firms before taking on additional responsibility for the prudential supervision of a major life insurance group’s Asian, US, and European businesses.

Before joining the FSA, Swan performed a number of roles in the European mutual sector, including in sales, training and competency, and audit and compliance, including the introduction of mortgage and general insurance regulation.

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