Glendevon’s Naud stands for election to French Parliament
Yannick Naud, portfolio manager at fixed income boutique Glendevon King Asset Management, is standing for the Mouvement Democratique (MoDem) Party in the French elections to parliament.
On June the 3rd and 17th 2012, the French nationals living overseas will for the first time be able to elect their own MPs in the French Parliament. Naud is standing for the 3rd overseas constituency, which represents the French ex-patriates in London.
Yannick is standing on a platform to reduce the tax burden that French ex-patriates currently face. Naud says: “French citizens living abroad are paying taxes in their country of residence, which is often higher in our constituency than in France. We should have the assurance that no further direct or indirect tax is to be levied on non-residents.”
Other items on his agenda include protecting the right to dual nationality, at a time when conservative politicians in France have been pushing for the abolition of double nationality for French citizens in order to appease far right voters. Naud says: “This is something that I strongly oppose. Dual nationality is a long standing right of French citizens which should not be put in jeopardy for the sake of getting more votes.”
He also believes that “a balanced and unifying European Union is in the interest of all French at home and abroad. I am a strong supporter of free movement of the population within the EU, which is crucial in enhancing the efficiency of the overall European economy. It is essential to improve and simplify access to social services, health and retirement benefit across borders so that the quality of life of migrants within the EU can be improved.”
A central theme of his election campaign is a call for improved access to French education for French citizens abroad, in particular for French expatriates on limited income.
Yannick has been working almost exclusively abroad. From 1992 to 1998, he worked for Crédit Agricole in Tokyo where he met his wife Yumiko. He moved to London in 1998. He joined Dresdner Kleinwort in 2002 and worked there until 2008 as a managing director. Since 2008, he has worked for Glendevon King, a boutique fund manager.