Lyxor Asset Management has appointed a new CEO in Japan. The Paris headquartered firm is a subsidiary of banking giant Société Générale who has also made several management changes in Asia.
Based in Tokyo, the new Chief Executive, Laurent Renaud, will report to Lionel Paquin, Chief Executive Officer of Lyxor Asset Management, and locally to Raphael Cheminat, Group Country Head for Japan, Société Générale, the company said in a statement.
Renaud will take over from Toshiro Kubozono who has retired after nine years as CEO.
Enhancing Cross-Selling Opportunities
In his new role, Renaud's main task will be to develop Lyxor’s franchise locally, through building on Lyxor’s strengths in ETF and indexing and further enhancing cross-selling opportunities through the client base of Société Générale in Japan.
Renaud previously worked for BNP Paribas in Japan, in 2012, he joined BNP Paribas Investment Partners Japan (the Japanese asset management subsidiary of BNP Paribas) as Chief Operating Officer.
