Patrick Pagni has been appointed deputy to the chairman and CEO of Trust Company of the West (TCW) - the US asset management company acquired by French firm Société Générale Asset Management (SGAM) earlier this month.
Pagni joined SGAM in 1970 and was posted to the US in 1981 where he was responsible for the firm’s west coast activities.
He held a number of senior appointments at SG including head of corporate and investment banking in Hong Kong and UK chief executive.
Pagni rejoined SGAM in May 2000 as adviser to CEO Philippe Collas, responsible for expanding SGAM’s activities in the US.
By Madhu Kalia
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.