59 institutional members, 82 advisory board members from science and practice, 37 personal members and 52 alumni. In addition, around 100 additional members in the Compliance, Banking and Asset Management Round Tables plus the activities of the Innovation Platform. This is FIRM - the network of scientists, professionals and financial services institutions on the subject of risk and regulation.
As of 1 May 2018, Prof. Dr. Dr. h.c. Udo Steffens, former president of the Frankfurt School, took over the chairmanship of the board. He succeeds Frank Westhoff, who for family reasons had to give up his chairmanship, which he assumed in the summer of 2017. We would like to thank Mr. Westhoff for his dedicated leadership of the association and are sure that he will continue to play an active role as a member of the Executive Board.
With the financial support and personal commitment of all our members, we accompany numerous students year after year. We now support research with more than 2 million euros in 33 projects. We strengthen the exchange among specialists and continuously expand our network. For example, we recently successfully launched a round table for asset management. Our Round Tables are well established among experts.
This year, our research conference again met with a very positive response from representatives of science and practice.
All in all, our association is well received. This is the result of the great commitment of numerous members and the intensive cooperation of the many coordinators.
We thank you very much for your support and encourage you to continue to actively strengthen and expand our network. The mutual enrichment, the exchange of science, research, teaching, concrete professional practice, politics and regulators remains a unique and constitutive feature of FIRM.
We wish you all a Merry Christmas and all the best for 2019.