The mutual decision was taken by the two groups following the conclusion of a 6-month trial period, so that both organisations can continue serving the interests of their respective members, while still working together for the benefit of the whole market.
Sabrina Fox, Executive Advisor to ELFA, said: “ELFA is grateful to AFME for their support over the last six months. The platform they provided to us was essential to our success and momentum. As trade associations we represent different constituencies with unique perspectives. Working together as independent entities will enhance our ability to represent our respective members, and to collaborate with each other. Our intention is to continue to work closely with AFME as both parties act to support the growth and sustainability of the European leveraged finance market.”
Gary Simmons, Managing Director of AFME’s High Yield Division, said: “This was a mutual decision taken by both organisations in order for us to best represent the interests of our respective members. The high yield investor community is an important part of the European high yield industry and we value its contribution to maintaining a healthy and viable market. AFME and ELFA will continue to work informally together across various policy issues, including joint initiatives and continued communication, to promote high yield market growth and efficiency.”
Sabrina Fox steps down as CEO after establishing the European Leveraged Finance Association (ELFA) as a powerful voice of the leveraged finance buyside
ELFA’s Engagement Committee recently held a Member Workshop with its Expert Panel partner, Akin, to help ELFA members understand the new rules applicable to loan origination funds under the revised Alternative Investment Fund Managers Directive (AIFMD 2).
ELFA releases updated ESG Fact Sheets to enhance ESG disclosure and engagement between borrowers and lenders in the European leveraged finance market
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