La Française Asset Management’s chairman Pascale Auclair (pictured) will be appointed to the board of directors of La Française Group and named corporate secretary.
Her appointment is subject to the approval of the supervisory board in June. She will become the third member of the board of directors alongside Xavier Lépine (chairman) and Patrick Rivière (managing director).
Auclair takes over from Pierre Lasserre and will oversee internal control and compliance, operational risks and data protection, legal affairs and group risk control.
Patrick Rivière will succeed Auclair as chairman of the board of directors of La Française Asset Management while Jean-Luc Hivert and Laurent Jacquier-Laforge, CIO fixed income and cross asset and CIO equities respectively, will be named managing directors.
Auclair started her career as bond fund manager at Societe Generale in 1983. Then she held various positions at Groupama AM including head of Fixed Income Investments, head of Diversified Management and deputy managing director.
In 2006, Auclair joined LFP Investissements as head of Investment Management. After the merger with UFG Group in 2010, she was named head of Investment Management and managing director of LFP, a company within the UFG-LFP group, which later rebranded as La Française Group.
Xavier Lépine, chairman of La Française Group, said: “We are delighted that Pascale has agreed to this new role and we are certain that her experience in our business lines and her interpersonal and technical skills will serve her well in meeting her new responsibilities. Pierre has made a significant contribution working alongside us on the Board of Directors over the years and he will continue to provide support as Advisor to the Chairman and Chairman of the Supervisory Board of the La Française Global Investment Solutions division.”
“It is a tremendous opportunity and a stimulating challenge for me to be asked to join the Board of Directors of La Française Group. I am extremely proud to be a member of La Française Group and will be able to draw on the experience gained from my previous roles in fulfilling my new responsibilities,” commented Auclair.