New EVCA Chairman calls for highest standards of transparencyBy Lynn Nicholson on 4 July 2013
The EVCA has elected George Anson as its new Chairman, our first Chairman to come from the investor community. He promised to work for the highest standards of transparency, openness and governance.
The association has more than 100 members who are investors into private equity, known as ‘limited partners’. George’s selection as Chairman shows how vital it is to Invest Europe to represent all industry participants.
George succeeded Vincenzo Morelli at Invest Europe 30th Anniversary Symposium at the end of last week and wasted no time in setting out his goals for the coming 12 months.
He said he would promote Invest Europe Handbook of Professional Standards as the industry’s license to operate. The Handbook is an annually updated set of professional guidelines agreed by both private equity managers and their investors. It includes standards relating to portfolio companies as well as environmental, social and governance issues.
Pension funds and insurers are major investors in private equity. Unfortunately there is a risk that some draft European regulation for investors could make it difficult for long-term investment vehicles such as private equity funds.
George said: “Private equity fund managers become regulated by the EU this year and have gained recognition as essential drivers of growth through their active investments in European companies. The spotlight now turns to private equity’s investors and how regulatory change will impact them.
“I also aim to bring home the message to policymakers that as well as driving increased innovation, productivity and competitiveness in thousands of European companies, millions of Europe’s pensioners and savers are benefitting from the returns delivered by private equity.”
To learn more about private equity and pensions, check out our Briefing and our latest blog.