The International Investment Funds Association (IIFA) has appointed Peter De Proft as its new chair and Susan Olson as its new vice chair.
Currently the director general for the European Fund and Asset Management Association, De Proft previously served as IIFA deputy chair and replaces Richard Gilbert, who will remain a board member.
Gilbert is also currently transitioning out of his role as chief executive of the Investment Financial Services Association of Australia.
"As founding chairman he [Gilbert] oversaw the incorporation of the IIFA, the official body representing the mutual funds associations globally," De Proft said.
"In that regard, his vision was instrumental in laying the foundation for a credible and representative organisation that brings together the 35 country associations representing the vast majority of the global fund industry."
New IIFA vice chairman Olson, who was previously a member of the IIFA, is currently senior counsel international affairs of the Investment Company Institute, which is a national association of US investment companies.
