On the Affiliation for Monetary Markets in Europe (AFME)’s Board assembly and EGM held in Brussels on 6 December, Michael Cole-Fontayn was appointed as Impartial Chairman with impact from 1 January 2018.
Michael Cole-Fontayn is retiring from BNY Mellon (NYSE: BK) this month after a 35-year profession with the corporate, most lately as Govt Vice President, Govt Committee member and EMEA Chairman. He has served two years as AFME Chairman because the BNY Mellon Board member.
Simon Lewis, AFME Chief Govt, stated:
Michael is a passionate advocate for Europe’s capital markets and his dedication to AFME points is unwavering. He has been a really engaged member of the Board since 2011, with an acute understanding of the connection between flourishing capital markets and financial progress. I’m delighted that the Board has requested him to proceed to chair AFME as an impartial director throughout this essential time for Europe’s capital markets.
Michael Cole-Fontayn commented:
I’m delighted to proceed to assist AFME’s essential work shaping the coverage debate round the way forward for Europe’s capital markets and dealing with our business and regulators in assist of the expansion agenda. My tenure as AFME Chairman has seen difficult instances for our business in Europe. Given the present setting, AFME and its members are extra devoted than ever to selling the “E” in AFME.