Save the Date!
We look forward to welcoming you to this year’s edition which will take place on the 6-7 November 2025
The Investment Management Forum, EFAMA’s flagship event, is returning again for its 31st year. This edition will take place on the 6-7 November 2025, in person, at the Chancellerie Auditorium of BNP Paribas Fortis in Brussels.
This event provides a premier platform for industry professionals, policymakers, regulators, and supervisors to meet, discuss, and debate the challenges and opportunities ahead.
Register for your place at the conference today!
Biography to follow
Jonathan Cleborne, CFA, is Managing Director for Vanguard Europe, responsible for leading the operations and distribution efforts of the European business. Mr. Cleborne relocated to London from Vanguard’s global headquarters in the United
States in 2024.
Prior to this role, Mr. Cleborne was head of Personal Investor Advice leading a team that provides Vanguard’s U.S. clients with ongoing asset management and investment advice consultations with Certified Financial Planner™ professionals through Vanguard’s Personal Advisor offers. Mr. Cleborne and his team were also responsible for Vanguard Digital Advisor®. Collectively, the team stewarded over $300B on behalf of individual investors and 401(k) plan participants. Since joining Vanguard over 20 years ago, Mr. Cleborne has held a variety of roles in Personal Investor, Financial Advisor Services, Corporate Strategy, and the Investment Strategy Group. He was also the global head of Vanguard Portfolio Review Department, which oversees Vanguard’s 400-plus mutual funds, ETFs, and their advisors. The department is also responsible for developing the optimal fund lineup for investors, analyzing the health, usage, and competitive landscape of Vanguard’s funds and ETFs and serving as specialized product experts.
Mr. Cleborne earned a B.A. from the University of Virginia and an M.B.A. from the Tuck School of Business at Dartmouth. He is a CFA® charterholder and a member of the CFA Society of the United Kingdom.
Marie Jacot joined Edmond de Rothschild Asset Management in November 2020 as Global Head of Distribution.
Marie Jacot has spent most of her career with Goldman Sachs, joining the bank in 2004 as a corporate treasury analyst. She joined the Group’s Asset Management division in 2008 where she helped develop the Global Liquidity Management business. She was subsequently appointed head of distribution for France, Belgium and Luxembourg.
Marie Jacot is a graduate of Sciences-Po Paris and holds a Masters in Economics from the Paris Panthéon-Sorbonne university.
Nicolas Calcoen is Deputy CEO, Head of the Strategy, Finance and Control Division at Amundi since 1st April 2022 and a member of its Executive Committee. He is in charge of Strategy, Finance and Control Division (Public and regulatory affairs, Human Ressources, Conformity, Risks, Audit, Legal, Security, Governance and Social Life).
He was until March 2022, Deputy General Manager Finance, Strategy and Public Affairs.
Before joining Amundi in 2010, Nicolas Calcoen worked in the public financial administration, both at national and international levels. He held various positions within the French Ministry of Finance, worked as an economist at the International Monetary Fund in Washington, DC from 2002 to 2005, and, after relocating to France, became deputy director of the office of the French Minister for the Budget, Public Accounts, Civil Service and State Reform in 2007.
A French national, Mr Calcoen graduated from the Ecole Nationale d’Administration (ENA). He is also a graduate of the Institut d’Etudes Politiques in Paris (1992) and holds a DEA post-graduate diploma in Economics and International Finance from the Institut d’Etudes Politiques in Paris (1994).
Natasha Cazenave has been Executive Director of ESMA since 1 June 2021.
Before taking up her current role she was Managing Director, Head of the Policy and International Affairs Directorate at the French Autorité des Marchés Financiers (AMF), where she worked for over 10 years in various roles.
During that period, at the international level, she was elected twice chair of IOSCO’s Policy Committee on investment management in 2012 and 2014. In February 2015, she was appointed co-Chair of the Financial Stability Board’s experts group on shadow banking.
Natasha Cazenave began her career at Ernst & Young Corporate Finance as part of the Valuation & Business Modelling team. She spent eight years working at Deminor, a consultancy firm specialised in the defence of minority shareholders rights, where she was in charge of collective actions for investors who suffered losses as a result of securities violations, and the promotion of best practices in the field of corporate governance. She holds a Master’s degree from the Paris Dauphine University in Banking, Finance and Insurance.
Hélène Bussières is Head of the Asset Management Unit in the Directorate General on Financial Markets, Financial Stability and Capital Markets Union (FISMA) in the European Commission. She was previously deputy Head of the Asset Management Unit and deputy Head of the Securities Market Unit, working on MiFID, MAR and the Prospectus Regulation.
Prior to joining the European Commission, Hélène spent 10 years working in different capacities in the private sector, in particular on M&A projects, deal structuring and financing and companies’ listings. She graduated from Sciences Po Paris with a major in economics and finance.
Gerry Cross is Director for Capital Markets and Funds at the Central Bank of Ireland. He joined the Central Bank as Director of Policy and Risk in May 2015. He is an Alternate Member of the ESMA Board of Supervisors and was up until recently a Member of the Board of Supervisors of the EBA where he co-chaired the EBA’s Regulatory Policy Standing Committee. He was also a Member of the Executive Committee of the International Association of Insurance Supervisors (IAIS) and chaired the ESAs Joint Committee Sub-Committee on DORA implementation.
Biography to follow
Biography to follow
Tanya Panova is the Head of the Securities Markets Unit in DG FISMA. Previously, she has been developing the capital markets strategy as the Head of the Capital Markets Union Unit and served in the private office of Vice-President Valdis Dombrovskis where she was responsible for Capital Markets Union, securities markets, asset management, insurance, free movement of capital and competition. In her previous job, Tanya worked on aviation antitrust cases in DG COMP. Tanya is a trained economist with specialisation in financial services.
Navigating Current Geopolitical Complexities
You can download a PDF version of the agenda here
Registration and Networking Lunch
Welcome remarks
Keynote speech
CEO Panel
Networking Break
Savings and Investments Accounts – A game-changer for retail investors and for European capital markets?
This panel will explore whether ISAs can truly be a game-changer, empowering retail investors to build wealth, supporting long-term savings, and fostering a more inclusive and resilient Savings and Investments Union. Speakers will discuss the design features that could drive uptake, how national and EU-level policies can accelerate adoption, and what lessons can be learned from successful models in other jurisdictions. The conversation will also consider the role of digitalisation, investor education, and the use of tax incentives.
Keynote speech
Consolidation, Scale and Competitiveness: which policies will power the next phase of growth for the EU’s capital markets?
This panel will discuss the state of EU capital markets from a global competitiveness, investor access, and capital formation perspective. Competitiveness is achieved through market forces, but are there remaining regulatory barriers in the Single Market that impede scale and perpetuate fragmentation? Or is the focus better placed on market structure rules to encourage greater transparency, market efficiencies and value for the end-investor? The EC’s 2025 Savings & Investments Union Action Plan reviews the regulatory framework governing trading and post-trading infrastructures. Panelists will guide us through the proposed reforms and provide their unique perspective as participants in European capital markets.
Keynote Interview - Evolving expectations of asset owners
Cocktail Reception for all participants
Welcome Coffee
Welcome Day 2
Keynote Speech
The Sustainability Sweet Spot: Balancing Business, Data and Corporate Responsibility?
This panel will discuss the European Commission’s recent Omnibus proposal, which aims to simplify sustainability reporting. Experts will address the critical challenge of ensuring that these simplifications enhance competitiveness while still enabling asset management to contribute to long-term climate and environmental goals. The session will explore how to strike the right balance between fostering innovation and understanding the implications of these changes for the broader EU sustainable finance framework.
Networking Break
Presentation on Tokenisation
Better regulation and supervision: how to improve the EU’s decision-making process?
Panelists will explore how to strike the right balance between political oversight, technical expertise, and industry input, while ensuring better coordination among EU institutions, national regulators, and supervisory bodies. The session will also examine how to streamline legislative processes, improve the quality and impact assessments of new rules, and create a regulatory environment that fosters innovation, competitiveness, and investor trust.
Financing the Green Transition: are we hitting the mark?
Is the fund industry mobilising enough private capital for sustainable development? The panel will discuss its role in the green transition, with a particular focus on new and innovative financing solutions, such as blended finance and impact investing. The panel aims to understand whether our industry’s efforts are sufficient vis-à-vis diverging global policy actions and current geopolitical challenges
Concluding Remarks
Networking Lunch
Sponsored By
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries.
We’re not just a law firm. We’re part of the industry. We provide a complete range of legal services and advice to clients across the world of asset management. Our immersion in the sector enables us to go beyond technical legal guidance, delivering rounded, actionable strategic advice.
Waystone leads the way in specialist services for the asset management industry.
Partnering institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn.
Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.
Below you can find the IMF 2024 video and picture highlights.
You can view more from the previous edition by visiting our 2024 webpage.
Take a look at some highlight photographs from this year’s event.
Some more post event materials will follow shortly.
Address: Rue de la Chancellerie 1, 1000 Bruxelles
If you are driving to the venue, the closest car park is Interparking Albertina, using the entrance located on rue des Sols.
This car park is a 3 minute walk from the conference venue, crossing the Ravenstein Gallery
Note: Accommodation has not been booked for you. Hotels are subject to availability and best available rate at the time of booking.
Address: Rue Marche aux Herbes, Rue du Marché Aux Herbes 110, 1000 Bruxelles, Belgium
Approximately 5 minute walk from the event venue
Address: Grasmarkt, Rue du Marché Aux Herbes 100, 1000 Bruxelles, Belgium
Approximately 5 minute walk to the event venue
Address: Stormstraat 15, 1000 Brussel, Belgium
Approximately 4 minutes walk from the event venue
Address: Rue du Marché Aux Herbes, Brussels, Belgium
Approximately 7 minute walk to the event venue
Address: Rue de l’Amigo 1-3, 1000 Brussels
Approximately 11 minute walk to the event venue
Address: Carrefour de l’Europe 3, 1000 Brussels
Approximately 5 minute walk to the event venue
Address: Rue du Marché aux Herbes, 1000 Brussels
Approximately 7 minute walk to the event venue
Address: Boulevard de Waterloo 38, 1000 Brussels
Approximately 16 minute walk to the event venue
If you have any questions or you are interested in finding out more about the sponsorship opportunities available, please contact Miriam Brunson, EFAMA at info@efama.org
For more information on event logistics for IMF, please contact us using efama@forum-europe.com
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