David Charlet, who is also president of ANACOFI, the main French national association for financial intermediaries that he helped to found in 2004, takes over from Derudder and Johannes Muschik, chairman of the Austrian Financial and Insurance Professionals Association, becomes deputy chairman.
Stanfield, CEO of FEIFA since its launch in August 2009, said he will also continue in that role, combining the two responsibilities.
“When I was approached by FECIF I firstly assessed that it would not take too much of my time, such that my existing FEIFA role would be adversely affected.
“I also then spoke to the rest of the FEIFA committee to ensure that there was no conflict of interest. We quickly came to the conclusion that neither aspect would be an issue.”
He added that it was also felt that the FECIF role would enable him to assist FEIFA members further, given the amount of EU legislation that will affect the sector over the next few years.
“FECIF has always been very active in both staying abreast of such developments and campaigning against inappropriate, unfair and over-regulation”, he said.
FEIFA and FECIF have had what Stanfield calls “a strong and symbiotic relationship” since the former was launched and he argues this was reinforced when FEIFA formally joined the latter earlier this year.
A statement from FECIF said that the executive changes came as it enters “a very important stage in its development”, and added that for many years Derudder had been one of the main driving forces behind the federation’s growth and development “helping to turn it into arguably the most important pan-European trade body.
Derruder has campaigned on a number of issues in relation to tax and regulation in his FECIF chairman role, including last year sending a letter to the European Commissioner responsible for taxation, customs, statistics, audit and anti-fraud in which he described current initiatives to tackle tax abuse within the EU as "dangerous" and "excessively burdensome".