FRR Exec Director To Join Groupama

Fonds de réserve pour les retraites (FRR) executive director Antoine de Salins has stepped down to join Groupama Asset Management, Financial News reports. De Salins has been named CIO at the €92 billion asset manager.

He will succeed Romain Boscher, who recently joined Amundi as CIO and global head of equities. FRR will become a third-party manager to its own assets and lower its 40% allocation to equities in favor of cash and short-term government bonds.

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