European Fund Administration (EFA) has appointed Noel Fessey (pictured), to replace Thomas Seale as CEO, following the latter's retirement at the end of 2017.

After two decades of leadership, EFA has become an industry reference in the Luxembourg fund industry. Thomas Seale was recruited by EFA shareholders back in 1997 and has led the company ever since.
 
Rafik Fischer, Chairman of EFA's Board of Directors, says: "We owe a debt of gratitude to Tom for his inspiring leadership of our company. We are delighted at the recruitment of Noel, following his successful career at Schroders Luxembourg. He will continue to execute our EFA Strategy which has been so effective over the years. Over the next few months, Tom will work with Noel to ensure a smooth handover."
 
As a sign of continuity, the mandates of the entire EFA Board, along with the positions of Chairman and Vice-Chairman were recently renewed for a four year period.
 
"I have a high respect for EFA and I am eager to work with EFA management, employees, clients, partners and shareholders to develop the business,” says Fessey.
 
"It has been an honour and a privilege to have led EFA for the past 20 years and to have worked with so many talented people to help build EFA into the success story it is today. I wish Noel and the whole team great achievements for the future,” says Seale.
 
This appointment is subject to approval by the Commission de Surveillance du Secteur Financier (CSSF).