Javier Echarri confirms EVCA departure

Echarri expressed his gratitude towards his staff and outlined the Association's achievements over the past decade, notably its change of governance and the ongoing initiatives to expand its services to members.

This change of leadership occurs as the AIFM Directive process is drawing to a close. Mr Echarri, who strongly opposed the most restrictive aspects of the Directive, has stated he will continue to work on two key issues in the coming months: third country investment and levels of disclosure for smaller portfolio companies. While no successor has been officially named, the secretary general will work closely with ECVA chairwoman Uli Fricke to ensure a smooth transition.

Mr Echarri joined EVCA at the beginning of 1999, after a four-year tenure at BBVA Benelux as Institutional Banking Director in charge of EU institutions. He had previously been secretary general of the Spanish Chamber of Commerce for the Benelux for over three years.

Javier Echarri has not disclosed his personal plans for the future, but shared his insight on the private equity market: "I firmly believe that private equity is and will remain a force for good in Europe and know that the next ten years, while different from the last, will continue to produce the innovation and creativity for which private equity and venture capital are rightly renowned."

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