Switzerland’s SFA changes name to SFAMA
The Swiss Funds Association is to change its name to become the Swiss Funds and Asset Management Association, SFAMA, effective 1 July 2013.
The decision to change the name was taken at the Association’s annual general meeting, and is meant to reflect the local industry’s focus on asset management in addiction to its traditional focus on funds.
Martin Thommen, president of the SFA, said: “This is aimed at expressing our key strategic objectives, with asset management also the utmost priority for us in addition to our traditional focus on the funds and collective investment schemes business. This name change is a further milestone on the path to expanding our role and extending our membership base.”
SFA CEO Matthäus Den Otte added: “As regards our membership base and finances, our association is very well positioned to master the challenges that lie ahead. Our primary focus is on exerting influence on the implementation of the partial revision of the CISA in the interests of the fund industry, continuing to develop the Asset Management Strategy for Switzerland with our partners, and focusing our lobbying efforts on upcoming legislative projects, such as the Swiss Financial Services Act in particular.”