The Danish Investment Fund Association has rebranded itself as the Danish Investment Association (DIA) and will in future represent a wider range of investment firms.
The newly-named association has moved into offices that it will share with Finance Denmark, the umbrella group for Denmark’s financial services industry.
Anders Klinkby (pictured), chief executive of the DIA, said that the changes reflected the fact that most asset managers in Denmark are divisions of Danish banks.
“Both asset management and wealth management are business areas where new technology, increased international competition and extensive regulation has led to significant change in recent years,” he said.
“By joining forces between the industry associations across the financial sector’s value chain within savings and investments we can better align our approach around the customers’ perspective, the regulators’ expectations and the industry’s needs.”
Klinkby added that, in addition to creating a one-stop shop for both the distribution and production sides of the investment industry, the new structure would allow for better integrated planning for the implementation in Denmark of new regulatory requirements such as MiFID II and Pripps.
The DIA, which will also represent independent asset managers, will continue to have its own constitution, members, general meetings and board of directors and will continue to be jointly managed by Klinkby and managing director Jens Jørgen Holm Møller.
Klinkby will also head a new dedicated investment team covering both wealth and asset management.
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