The board of directors of AFG (Association Française de la Gestion financière), the French asset management association, has reappointed Eric Pinon as chairman for a three-year term.
Pinon will work closely with Philippe Setbon, whose term as vice chairman has also been renewed, together with newly appointed vice chairman Matthieu Duncan. Setbon is set to focus his efforts on courses of action related to savings and responsible investments, and Duncan on AFG's actions across Europe and internationally.
Pinon will be focusing on key issues in the industry: boosting French asset managers' competitiveness, lobbying in Brussels and shaping the development of SRI around a common label.
Pinon commented : "We still have a lot to do to support the profound changes that are under way in employee and retirement savings: designing solutions that meet the changing needs of investors, developing concrete financial education proposals and propelling the expansion of responsible investment."
Pinon is also a senior advisor at Financière de l'Echiquier. He began his career in 1978 at stockbroker Michel Puget. He remained a senior executive at the firm until its merger with the Barclays group in late 1989, aftger which he founded "Europe Egide Finance", heading that company until its sale to KBL France (Krediet Bank group) in 2003. He served there as managing director until 2006. From 2006 to 2017, he was managing partner of Acer Finance. He served as vice chairman of the AFG from 1997 to 2003 and from 2015 to 2017.
French asset management companies authorised by France's AMF manage nearly €4trn in assets (€1,950bn in French funds and €2,050bn in dicretionary mandates and foreign funds managed in France).