Noel Fessey will be the new CEO of the European fund administration.
Pictured: Noel Fessey at an Alfi conference
Photo: Luc Deflorenne
New CEO for the European fund administration
European Fund Administration has announced on Monday 11 September that Thomas Seale will be replaced by Noel Fessey at the end of 2017.
Seale has led the company since 1997.
In a press statement issued on 11 September, Rafik Fischer, chairman of EFA's board of directors, said:
“We owe a debt of gratitude to Tom for his inspiring leadership of our company. We are delighted at the recruitment of Noel, following his successful career at Schroders Luxembourg. He will continue to execute our EFA Strategy which has been so effective over the years. Over the next few months, Tom will work with Noel to ensure a smooth handover.”
From 2003 to 2016 Noel Fessey was managing director of Schroder Investment Management (Luxembourg), a regulated fund management company licensed to manage retail and alternative investment funds.
As a sign of continuity, the mandates of the entire EFA Board, along with the positions of chairman and vice chairman were recently renewed for a 4-year period, the company said.
The appointment is subject to approval by the Luxembourg financial regulator Commission de Surveillance du Secteur Financier.