Lyxor's Alain Dubois joins index provider

Alain DuboisAlain Dubois, chairman at Lyxor Asset Management, is leaving after ten years in the role to become head of new business and product development for the MSCI index business.

Dubois will join MSCI in August and will be based in London, reporting to Baer Pettit, global head of the MSCI index business.

Lyxor has appointed Inès de Dinechin as chairman, effective 10 June.

Pettit says Dubois will help to expand MSCI's index offering, particularly “smart beta” investing and new asset classes.

Dubois joined Societe Generale, which is the whole owner of Lyxor, in 2000, working in the equity derivatives division. Lyxor is known for its exchange-traded fund (ETF) business, which accounts for roughly half the firm's €96 billion under management.

Lyxor also has a managed account platform for hedge funds with more than 120 funds and over €19 billion in assets.

In March, Dubois told Funds Europe that the risk management requirements of the Alternative Investment Fund Managers Directive (AIFMD), which is due to be transposed into law by July 22, were not unduly onerous.

“The risk-related proscriptions in the AIFMD concerning risk control, or transparency for investors are very reasonable and not out of touch with current market practices,” he said.

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