Belgian AM association appoints new chairman

The board of Belgian asset managers association (Beama) has elected Marnix Arickx as its new chairman, the association has announced.

His mandate will run until June 2020.

Arickx is the chief executive officer of BNP Paribas Asset Management Belgium since 2014. He is also a board member of several Luxembourg and Belgian domiciled investment funds, and has been a member of Beama’s board of directors since 2014.

Arickx succeeds Hugo Lasat who has been Beama’s chairman for the last three years. Katrin Eyckmans and Myriam Vanneste have been appointed vice-presidents.

Eyckmans is tax counsel at Delen Private Bank – Capfi Delen Asset Management and Vanneste works as global head of Product Management at Candriam Investors Group and executive director, member of the board of Candriam Belgium.

Beama remained positive on the functioning of the High Level Expert Group, a discussion platform launched by the Belgian minister of Finance in 2016 that gathers Belgian financial players.

A number of topics have been highlighted by the Belgian asset management association on this platform.

Beama argued for clearer communication on requirements for candidates to the asset management license in a post-Brexit context.

Beama works with Belgian regulator FSMA to improve this communication that could draw new local and foreign asset managers to establish themselves in Belgium.

Another hot topic put forward by Beama on the platform has been the support of Belgian long-term savings.

Also Beama has advocated for a more coherent fiscal policy regarding savings and investments, adding that the eventual inception of a European financial transaction tax would be much negative.

At the end of 2016, the Belgian asset management industry managed some €301.15bn of assets, up 7.2% year-on-year.

Clients were split as following : institutional clients (€107.57bn, i.e. 35.7%), private banking and retail clients (€134.91bn, i.e. 44.8%), others (€58.69%, i.e. 19.5%).

Net assets of funds publicly distributed in Belgium amounted to €177.2bn (+2.6% yoy) as of 31 December 2016. Beama said the €180bn cap was reached at the end of 2017’s first half.

Net assets of Belgium-domiciled funds reached €126.88bn (-0.3% yoy) as of end-December 2016.

Commenting on his appointment, Beama’s new president Arickx said: “I am honoured to be elected as the new president of Beama. I am committed to leverage on previous successes, especially in this time of great opportunity and change for our industry. I look forward to working alongside Myriam Vanneste and Katrin Eyckmans as vice-presidents and the other members of the board.

“Together we will continue to work with the legislator, regulator and market shareholders to further develop Brussels as a financial centre while never forgetting our primary reason for existence which is helping our clients with their savings and helping financing the economy.”

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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