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Executive Management Committee (EMC) Members PDF Print E-mail

Executive Management Committee (EMC) Members:


Chairman : Jesus Lopez Zaballos
  • Phd in Management and Business Administration at San Pablo CEU University. Madrid (1999); summa cum laude.
  • Degree in Economics and Business Administration at the Universidad Complutense de Madrid (1985).
  • General Management Programme IESE Madrid (1990)
He began his first professional job as broker in the Spanish Money Market in 1984. He has worked for several important private and public financial institutions as expert in the Capital Market Industry, in a variety of responsibilities covering different fields. He was Head of Domestic Treasury of the Banco de Crédito Industrial in 1991. He was Head of Training of the Treasury and Capital Markets areas of ARGENTARIA (1995-1998)

In 1999, having obtained the PHD in Finance, he left his job as a Bank Executive Manager to create “Formación y Finanzas, SL”, a Business Consulting and Financial Advisory firm  specialised in advisor and training activities for the Financial Industry. At present he is the chairman of the company.

In 2002 he joins the IEAF-FEF as General Manager of its Training School where he continues at present. He is Director in Spain of the professional certification programs: CIIA, CEFA, Back Office Manager, European Financial Advisor and Asset Manager and Treasury Manager given by IEAF;

He began his teaching in Finance in 1989 in both private post graduate financial schools and public universities. At present he is Assistant Professor in Finance in the Complutense University. He has also been a Lecturer in San Pablo University, ESIC Business and Marketing School and in Rey Juan Carlos University. He is usual Lecturer and Visiting Professor in the seminars and specialized courses, among others, of the following institutions: ESIC, Spanish Stock Exchanges and Markets, Economist Association of Madrid, ICADE-Universidad de Comillas, CUNEF University, Forex Club Español, Institut d’Estudis Financers (IEF), Universidad de Castilla La Mancha, IDE-CESEM, Universidad Complutense and in the Foundation for Financial Studies.

He is a Board member of ACIA, ILPIP, EFFAS and GIPS Spain. He has been member of the Financial Markets Commission of the Economist Association of Madrid (2004-2008) and Chairman of the Training and Qualification Committee of EFFAS (2005-2008).

photo Jesus Lopez Zaballos


Deputy Chairman: Friedrich Mostboeck

 Friedrich Mostboeck has a master's degree in Business Administration from the University of Economics of Vienna and is a graduate of the OVFA/EFFAS training course for Financial Analysis and Portfolio Management (CEFA = Certified EFFAS Financial Analyst). Mr. Mostboeck has been Head of Group Research and Chief Analyst at Erste Group since 1996. In this position, he has gained vast experience in dealing with institutional clients worldwide and especially those representing the capital markets of Central and Eastern Europe. Previously, he was Head of Research at Schoellerbank, where he was responsible for the Austria research team (macro/fixed income and equity) within Bayerische Vereinsbank group at the time.

He has been a member of the Managing Board of the Austrian Association for Financial Analysis and Asset Management (OVFA) since 1998, and since 2003, President of the Managing Board. Mr. Mostboeck has been a member of the Executive Management Committee of EFFAS (European Federation of Financial Analysts Societies) since 2006. Furthermore, he is chairman of the EFFAS Commission on ESG (environmental, social and governance issues), a board member of the Austrian Working Group for Corporate Governance and the Austrian Financial Reporting and Auditing Committee. He is the author of many books and publishes essays in financial publications and special-interest magazines. He has written numerous articles focusing on the capital markets of Central and Eastern Europe, on corporate governance and on corporate responsibility.

 Friedrich Mostboeck


Jean-Baptiste Bellon

 PhD in Economic Development, Paris I University (1982)

IEP Paris (1981)

Masters Degree in Economics, Paris I University (1978)

Jean-Baptiste Bellon began his financial career in Paris at DAFSA, as Analyst in desk working on French sectors (motors, textiles, tires, metals, cements, banks...) and groups.

He has since worked at CCF as Analyst in a research desk for internal and external clients (CCF Gestion, CCF UK broker Laurence Prust) and finally for Corporate banking before moving on to CCF Securities as Sell-Side Analyst in charge of a team of 4 persons.

He Joined DEUTSCHE EQUITIES in 1995, working in Paris, London and Madrid as Sell-side analyst within DB European research team.

He is the founder of Trapeza Conseil, an independent company created in 2004 specializing in research and reports on the European banking industry and teaches Financial regulation, Bank Strategy & analysis, banking risk and performance analysis, Corporate Finance and Financial Analysis at several French and International Universities, Business Schools and Training Centers.

Jean-Baptiste Bellon





Treasurer : Hans Buysse

Hans Buysse has been active in Corporate Finance since 1989, when he began his career at Paribas Bank as Financial Analyst. Following his military service (1990-1991), Hans worked as a research assistant in the Finance department at the Katholieke Leuven Univeriteit. From 1992 until 1997 he worked with Fortis Bank as Assistant Group Treasurer in the Financial Market department and as Loan Officer in the Credit department. In 1997 he joined Deloitte & Touche as Director of Corporate Finance with focus on Valuation, M&A and Restructuring issues. From 2000 to 2007 he worked with KPMG Belgium and in 2005 was appointed Partner in their Advisory department (Corporate Finance). In 2007 he moved to NIBC Bank NV as Head of M&A Belgium where he executed infrastructure and renewable energy transactions. In 2008 he joined Codic Group NV, a member of Dircom, as CFO responsible for financing, hedging and financial strategy in 6 different countries.

Since September 2009 Hans Buysse has been with SynCap Belgium, focusing on M&A transactions, Structured Finance and Debt Advisory/Restructuring topics.

Hans Buysse is Professor of Equity Valuation in Brussels as well as Professor of Finance & Treasury at Vrije Universiteit, Amsterdam and teaches at Vlerick Leuven Gent Management School

Hans studied Applied Economics at Vlegkho; Brussels and in 1990 graduated with an honours Master's degree in Management from F.I.M., Brussels. He is also a Certified European Financial Analyst (CEFA) and holds a Tax Management degree of FHS, Brussels



Pietro Gasparri

 Graduated "cum laude" (110/110) in Economics and Business Administration, Mr. Gasparri worked as Head and Co-head of the Invesment and Private banking as well as Senior Equity Analyst for several banking firms. He is presently Manager at European Securities Network (ESN), a multi-local partnership of banks and brokerage firms which creates common standards of cooperation in equity research and sales. Mr. Gasparri is also Board member of AIAF (Associazione Italiana degli Analisti Finanziari) since 2011 and speaks fluently Italian and Spanish with a good command of English and French.


 Frank Klein

During the Annual Meeting of EFFAS on 30 June 2011 in Dubrovnik, DVFA Board Member Frank Klein was elected to the EFFAS Management Committee (EMC), the highest council of the European umbrella association of Investment Professionals in Europe. On the EMC Frank Klein will be responsible in future for cooperation with international organisations with a special focus on sustainability and ESG.

Frank Klein works for DB Advisors, which he joined in 2007. Having held a position within Deutsche Asset Management Investment as Global Head of Product Management, he is currently working for the Investment Solutions Europe division of DB Advisors. Prior to this, he spent eleven years at Sal. Oppenheim Kapitalanlagegesellschaft KAG GmbH, where he served in a number of positions in the Research department, German and European equity portfolios for domestic and foreign institutional clients, Head of the mid- and small-cap team, international asset management, Oppenheim Pramerica Fonds Trust. Before joining Sal. Oppenheim, Frank Klein worked for Deutsche Bank AG in a broad range of fields. He has been a speaker at a number of large international conferences.

Frank Klein assured the EFFAS General Meeting that, quote “I do consider myself the European ambassador to Germany, and not the German ambassador to Europe.”

Marianne Flink

Raul Simoes Marques
With a Degree in Economics at ISE-UTL, Mr. Marques occupied positions such as Senior Analyst, General Manager and Board member of several financial companies before becoming the CEO and Chairman of Banif Gestao de Activos and Banif Acor Pensoes (Asset Management), as well as CEO of Banif capital (Private Equity). He has been appointed President of APAF (Associacao Portuguesa de Analistas Financeiros) in 2006 and speaks fluently Portuguese, English, Spanish and French.



Judith Tóth

Owning a doctorate degree in economics, Mrs.Tóth is an economist with a three decades professional experience in a wide range of topics in the financial and capital market fields, from project management to corporate finance, from investment analysis to venture capital financing. Before joining ITCB in 1994 and becoming its CEO 20 years ago, Mrs. Tóth has occupied different executive positions in the commercial banking and central banking. She played a pioneer role in introducing and development of new diploma programs; she initiated ITCB's linkages to EFFAS and set up the professional team in charge of introducing the EFFAS diploma program at ITCB in 1995. She speaks Hungarian, English and German and has basic knowledge of French.