FRANCE - Antoine de Salins, executive director at Fonds de réserve pour les retraites (FRR), has left to join Groupama Asset Management (AM) as chief investment officer.
Salins (pictured) will also act as deputy general manager and become a member of the executive committee. Based in Paris, he will report to chief executive officer Francis Ailhaud. He joins Groupama, which manages €92.3bn of assets, on February 7 and replaces Romain Boscher, who has left the firm to pursue other opportunities.
Salins has been executive director of FFR since 2003. He also served in the French Treasury with responsibility of privatisations, capital markets, monetary affairs and management of public debt from 1986 to 2002. He is also a member of the Commission of Collective Asset Management at the AMF (the French Financial Market Regulation Authority) and a board member of the UN's Principles for Responsible Investment..The fund has yet to appoint a replacement CIO.
FFR chairman of the executive board Augustin de Romanet said: "I pay special tribute to the work of Antoine de Salins, who has since its inception contributed to the FRR's rapid progress and who has established himself as a benchmark player in asset management in France"
FFR chairman of the supervisory board Raoul Briet commented: "Antoine de Salins' professionalism, concern for transparency and desire to promote responsible investment in a very concrete way has, throughout his 8 years of service, been keenly and unanimously appreciated."
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