Surprise departure of LBPAM chairman

La Banque Postale Asset Management, France's fifth-largest asset manager, has announced the surprise departure of its chairman after five years. Daniel Roy is believed to be leaving for another European management company according to LesEchos.fr. The subsidiary of La Banque Postale has appointed a tandem of women to replace him; Emmanuelle Mourey and Mirela Agache-Durand. La Banque Postale said in a statement that "Roy, head of asset management for the public banking group, France's fifth largest manager, wanted to give a new direction to his career".  Emmanuelle Mourey became ...