AMF appoints MD

AMF Appoints Philippe Sourlas as the MD of the Asset Management Directorate

The Autorité des marchés financiers (AMF) has promoted Philippe Sourlas to the post of Managing Director in charge of the Asset Management Directorate from Deputy Director of the Asset Management Directorate. AMF is responsible to ensure savings invested in financial products are protected and provided adequate information to users.

Philippe Sourlas – MD

Philippe Sourlas will take up the charge of Managing Director on January 7th, 2019 and will replace Xavier Parain, who will leave the agency after devoting 8 years working with the asset management company regulation.

Aged 36, Philippe Sourlas joined AMF on July 25th, 2016 and started his career at the Inspection Générale des Finances in 2006 where he worked for almost two years. He moved on to join Autorité de Contrôle des Assurances et des Mutuelles (ACAM) in 2008, which is now renamed as Autorité de Contrôle Prudentiel et de Résolution (ACPR).

At ACPR, he has worked in a number of roles including working as an international expert and supervisor, deputy head of a supervision unit, and then head of an insurance supervision unit from 2011 to 2013. In 2014, he took over one of the ACPR’s banking supervision division.

In his academic career, he has obtained graduation in Ecole Polytechnique and the Ecole Nationale de la Statistique et de l’Administration Economique. He also holds a Master’s degree in economic analysis and policy from the Paris School of Economics and a Bachelor of Law from Paris I La Sorbonne.

About AMF:  The Autorité des marchés financiers (AMF) was established by the Financial Security Act of 1 August 2003. It was formed from the merger of the Commission des opérations de bourse (COB), the Conseil des marchés financiers (CMF) and the Conseil de discipline de la gestion financière (CDGF). AMF  is the stock market regulator in France. It is an independent French public authority responsible for ensuring savings invested in financial products are protected and investors are provided with requisite information from time to time. The agency also supervises the orderly operations of the market.