Paul Stanfield has stood down as Secretary General (SG) of pan-European trade association, FECIF.
The role has been taken on by Simon Colboc, who has already been on the FECIF Board for a number of years.
Stanfield said: "I initially accepted the role back in 2014, intending to do one full term of 3 years. I have actually done a little over three terms, meaning more than nine and a half years in total - I thus felt that it was time for me to step down, not least to enable Simon's new ideas and energy to take FECIF forward.
"Having worked with him for many years, I am sure that he will be perfect for both the role and the development of FECIF over the next few years."
"I am honoured and excited to take on this role, as our industry is facing unprecedented change," Colboc explained. "I will look to inject my experience as best I can and bring together various viewpoints."
Colboc took over the role as part of a managed succession plan at FECIF. Although Stanfield stood down after almost a decade in the role, he has been working with Colboc for some time, and will continue to do so, to ensure that the hand-over is as smooth as possible.
The change was ratified at a recent FECIF board meeting.
"I will remain on the FECIF Board," Stanfield confirmed, "but my reduced duties will allow me to focus even further on my CEO role at FEIFA, which is the right thing to do at this time, I feel."
Colboc has over 25 years' experience in Financial Services, both as an executive (in banking with Fortis and BNP Paribas and in insurance with Prudential Plc) and as a business consultant (with The Boston Consulting Group, Diamond Cluster and, latterly, CMI). He has lived in Hong Kong, London and Brussels, and is now based in Paris.
