Mirela Agache Durand, Fannie Wurtz, and Guillaume Dard reappointed as Vice-Presidents.

The Board of Directors of the French Asset Management Association (AFG), meeting on June 17, 2025, has re-elected Philippe Setbon as President, reaffirming its confidence in his leadership. He will be supported by Mirela Agache Durand, Fannie Wurtz, and Guillaume Dard, whose mandates as
Vice-Presidents have also been renewed. Additionally, the President of the Club des Entrepreneurs will join AFG’s Executive Committee as a member.

This renewed leadership reflects the Association’s commitment to stability and continuity at a time when the industry is facing significant challenges. The Board commended Philippe Setbon for his leadership and dedication to advancing the French asset management industry, highlighting innovation, competitiveness, sustainable finance, and economic sovereignty as central priorities.

On the recommendation of the President, the Board appointed the Vice-Presidents (see Appendix 1).

Philippe Setbon commented:
“I am honoured by the renewed trust placed in me. In recent years, we have enhanced AFG’s influence both in France and across Europe, proudly promoting the French asset management industry while modernizing our tools and governance structures. This new term begins at a time of profound transformation, driven by an unprecedented recognition of the competitiveness challenges facing the European economy. The debate is no longer theoretical action is required.

AFG is fully committed to playing its part, with the competitiveness of French asset managers as its guiding focus, serving both retail savers and institutional investors. Our objective is to foster a virtuous circle in which household savings are channelled into investments in European companies, ensuring their competitiveness and long-term success.

In both France and across Europe, economic growth and financing hinge on the presence of strong, locally rooted financial players. Regulation plays a decisive role in shaping the competitiveness of European firms. Policymakers and regulators must move beyond a siloed approach and strike the right balance between investor protection and economic development—two sides of the same ambition.

Now more than ever, AFG is committed to helping build the Europe of tomorrow and to supporting the major transitions of our time, in the interest of both savers and investors.”