Paul-Henri de La Porte du Theil was re-elected as chairman of the French Asset Management Association (AFG) yesterday.
Muriel Faure, chief executive of Fourpoints Investment Managers, and Francis Ailhaud, chief executive of Groupama Asset Management, were re-elected as vice-chairs.
De La Porte du Theil headed Crédit Agricole’s asset management arm from 1991 to the end of 2009.
After his re-election he said France needed an active, responsive and effective management industry which, by mobilising savings, especially long-term savings, helps finance the real economy and uses its professional skills to serve investors.
Going forward, that need will become more acute, he said.
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