EFA Governance

The European Finance Association (EFA) is a registered international non-profit organization with scientific and educational objectives, governed by the dispositions of Title III of the Belgian law of 27 June 1921 pertaining to non-profit organizations, international non-profit organizations, and foundations, as published in the Annexes of the official public registry organ: Le Moniteur belge.

The aim of the Association is to provide a professional association to academics and practitioners interested in the fields of finance and economics and its applications, with the purpose of supporting, disseminating and stimulating high quality research in the field in Europe. In particular. the association shall serve as a meeting and communication forum for its members resident in Europe and elsewhere. It will offer a network for the exchange of knowledge on an international level and provide a framework allowing for a better dissemination of information on research and teaching in finance and economics. EFA expects its members and the participants in its activities (namely the Annual Meeting and the Review of Finance editorial process) to adhere to the highest standards of academic integrity and professional relations as described in the Code of Conduct.  

Executive Committee

The Association is administered by an Executive Committee of 12-18 members which includes the President, Vice-President, the Editor of the Journal of the Association, the Executive Secretary, the Chairperson plus 9 Directors elected at large by the General Assembly. (These Officers and Directors are members of the board and 'administrators' of the AISBL according to Belgian law.)  Elections for 3 Directors take place every October-November for a 3 year term starting the following January.  

» Click here to find out who is currently on the Executive Committee 

» Click here for a list of current and previous Presidents and Chairpersons


We welcome Xavier Vives as 2023 President of the European Finance Association for a one year term starting January 1, 2023. Xavier Vives is professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy, and academic director of the Public-Private Research Center at IESE Business School. He holds a Ph.D. in Economics from UC Berkeley. and was Conference Chair of the EFA Annual Meeting in 2022.

Link to Xavier's profile at IESE Business School here.


We welcome Josef Zechner as Chair of the European Finance Association for a three year term starting January 1, 2023. Josef  Zechner is Professor of Finance and Investments at WU (Vienna University of Economics and Business), speaker of the PhD program and Co-Head of Research Institute for Capital Markets (ISK).  He is past president of the European Finance Association and was Managing Editor of the Review of Finance (joint with Marco Pagano) from 2003 to 2012, and was Conference Chair of the EFA Annual Meeting in 1997.

Link to Josef's profile at WU Vienna here

Managing Editor

We welcome Marcin Kacperczyk as Managing Editor of the Review of Finance for a three year term starting January 1, 2023.  Marcin Kacperczyk is Professor of Finance at Imperial College London.  He is past president of the European Finance Association and was Conference Chair of the EFA Annual Meeting in 2018.

Link to Marcin's profile at Imperial College London here.


The Election of Directors is done by conducting a vote of the full membership of the Association outside the regular annual General Assembly by e-mail and organized by the Executive Secretary under the guidance of the Executive Committee.

The results of elections are valid if at least one thirtieth of the members express their vote. The outcome of the elections are ratified at the next scheduled General Assembly.  The names and short biographies of candidates are communicated in advance to all voting members by mail, e-mail and a period of 4 weeks is afforded to allow members to make up their minds knowledgeably and convey their votes to the Association.  The Directors elected are in office for a term of three years beginning on January 1 of the calendar year following their election. They can be dismissed by the General Assembly. In the case of resignation of one or more Directors or the election of a Director to an Officer role, additional Directors may be elected by the General Assembly for the remaining terms of the outgoing Directors.

We welcome Federico Belo, Isil Erel and Laurent Fresard as Directors for a three year term starting January 1, 2023 subject to approval by the Members at the General Assembly.  Federico Belo is Associate Professor of Finance at INSEAD.  Isil Erel is Professor of Finance, David A. Rismiller Chair in Finance and Academic Director, Risk Institute at the Fisher College of Business, Ohio State University.  Laurent Fresard is Professor of Finance at the Universita della Svizzera italiana (USI), Research Chair, Swiss Finance Institute and Research Fellow, CEPR .

General Assembly

The General Assembly holds full authority and decision power to take all the actions needed to achieve the objectives of the Association. The General Assembly of the members of the Association is held annually on a date and at a venue determined by the Executive Committee. The invitation to attend the General Assembly along with the agenda of the meeting is sent to all Association members by email at least 30 days before the date of the General Assembly.  The most recent General Assembly was held on Friday August 27, 2022 in person in Barcelona.  The next General Assembly will be heald on Friday August 18, 2023 at Vrije Universiteit Amsterdam, Netherlands.













» Click here for more information about recent General Assemblies

Executive Secretary

The EFA Executive Secretary is based in Brussels. The EFA Secretariat (the Association's headquarters) is located at: Rue Fossé aux loups, 38, 1000 Brussels, Belgium – in the offices of the European Institute for Advanced Studies in Management (EIASM)

» Click here to see contact details for the Executive Secretary


To read the complete text and Articles of the latest version, download the EFA Statutes [362 KB].

The proposed modifications to the EFA Statutes (ratified at the 2009 EFA General Assembly) were filed with a notary public in Brussels in February 2010. The EFA Statutes are officially published in Le Moniteur Belge and have been in effect since 31 May 2010.

Registered address, company number and VAT number

The European Finance Association (EFA) is an international non-profit organization (INPO / AISBL / IVZW) registered in Belgium at the following address: European Finance Association, Rue Fossé aux Loups 38, 1000 Brussels, Belgium.

The Company Number is RPM/RPR 0864.639.588. 

The VAT number is BE 0864.639.588. 

The EFA bank account is with KBC Bank; the account number is IBAN: BE40 4245 5333 1163; SWIFT code: KREDBEBB.



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