The announcement wasted no time: As we yesterday reported the departure of Xavier Parain from the AMF for the TPM FundRock, the Autorité des marchés financiers (AMF), who had yesterday informed us that a statement would be forthcoming very shortly concerning his successor, did not lose any time in doing so. The regulator on Wednesday, 19 December appointed Philippe Sourlas as its managing director. Sourlas will begin as managing director responsible for management of asset management activities from 7 January, 2019. He will succeed Parain, who will be leaving the AMF at the new year, after slightly over seven years regulating asset manaement firms. Sourlas, 36, had previously been managing director in the office of the director of asset management. He holds degrees from the ’École polytechnique and the École nationale de la statistique et de l’administration économique, and also has a Master’s degree in analysis and economic policy from the École d’économie de Paris, and a qualification in law from the Université Paris I - La Sorbonne. Sourlas began his career at the general financial inspectorate in 2006, and subsequently, in 2008, joined the Autorité de contrôle des assurances et des mutuelles (ACAM), which was later to become the Autorité de contrôle prudentiel et de résolution (ACPR). He served successively in the positions of international expert and controller, deputy to the brigade chief, and then chief of an insurance controlling brigade, from 2011 to 2013. He then took over as head of one of the banking controlling departments at the ACPR in 2014. He joined the AMF on 25 July 2016, as part of the office of the director of asset management.
