EFFAS Commission on Financial Reporting (CFR)

Javier de Frutos is the Chairman of the Commission on Financial Reporting of the European Federation of Financial Analysts’ Societies (EFFAS). A former member of EFRAG’s board, he is currently a member of the Users' panel. He is also a member of the IFRS Advisory Council.

Mr. de Frutos has worked for more than twenty years in investment banking for BBVA participating in private and public offerings and corporate transactions in Europe, North and Latin America. He has been responsible for the bank's international principal investments and served on the board of several funds and portfolio companies.

Javier is currently the CIO at the investment firm Sailbridge Capital in New York. He is a graduate from the University of Madrid and earned a Master’s degree in Economics from New York University. Javier is a regular lecturer on international financial reporting issues.

Mr Jacques de Greling is a Director at Scope Ratings. He was previously in charge of European Telecom Operators at CDC Bourse, later Natixis Securities, since 2000. He has worked on various Initial Public Offerings (Deutsche Telekom, France Telecom, Orange) and has been ranked among the top analysts in this sector both at French and European levels (Extel).

He is co-Chairman of the SFAF’s Financial Accounting Commission and vice-Chairman of the European Financial Analysts Societies' (EFFAS) Commission on Financial Reporting Commission. He represented EFFAS in the Expert Group advising the European Commission on the IAS Regulation and was a founding member of the IASB Capital Market Advisory Committee where he stood until 2015. He was part of the FASB-IASB Joint International Group on Financial Statement Presentation

Mr de Greling is also a teacher of financial accounting and financial statement analysis at SFAF for the CEFA and CIIA diplomas, and has published numerous articles on IFRS in the French professional review Analyse Financière. He was appointed as a member of the Advisory Committee of the French standard-setter, the Autorité des Normes Comptables.

Mr de Greling has an MBA from the Institut Supérieur de Gestion in Paris, graduated from the Centre de Formation à l’Analyse Financière (the training centre of the Société Française des Analystes Financiers) and later passed its accounting exams (DESCF). He also studied post-graduate classes in Telecoms at Paris-Dauphine University and the Conservatoire National des Arts et Métiers (CNAM).

( Source EFRAG) Serge Pattyn started his career at KBC Bank as a Credit Analyst and Corporate Finance expert. In the mid nineties, he joined KBC’s newly established Project Finance team, with exposure to international finance. In 1998 he was offered to join KBC’s equity house - KBC Securities - as a Sell-side Analyst.

Following a short mission with Delta Lloyd Securities. Serge started as an independent Financial Consultant in 2007.

Serge has always been active in the field of financial analysis, financial management and related domains (such as e.g. company valuation).

He is among others a member of the Belgian Association of Financial Analysts (ABAF/BVFA) and member of the Accounting Commission of EFFAS. He is also a much-asked speaker at conferences and seminars on financial analysis, accounting and financial management. He teaches amongst others for the ABAF/BVFA (“Accounting and Financial Statement Analysis”), Kluwer Opleidingen (“Credit Management”), KHBO (“Working Capital management”) and KMO Campus (“Professional Credit Application” and “Balance Sheet Analysis”). He also writes on bookkeeping, accounting and IFRS, for Kluwer Rechtswetenschappen and Teleseminar among others.