French asset manager OFI AM has announced changes in its legal structure. The firm was hitherto run as a French limited company (SA). It will be now governed by a supervisory and management board structure.
Consequently, Alain Montarant and Daniel Havis, respectively former chairman and vice chairman of OFI AM’s board of directors, become president and vice-president of the supervisory and management board.
The new structure welcomes three other members. Gérard Bourret, former CEO of OFI AM, is now chairman of the management board. Jean-Luc Malafosse remains general secretary.
Jean-Pierre Grimaud has been appointed CEO of OFI AM. He joins from Swiss Life AM where he held roles of CEO for the asset management business and chief investment officer.
Founded in 1971, OFI AM managed €60bn of assets as at the end of 2014. The firm is backed by two French major institutional mutual insurance groups, Matmut and Macif.