Lyxor Asset Management is strengthening its presence in the UK and is expanding into managed credit solutions.

Pierre Gil has been appointed chief executive of Lyxor UK. Based in London, Gil reports to Lyxor’s CEO Inès de Dinechin and locally to Ian Fisher in his capacity as UK chief country officer for Societe Generale Group, and remains a member of Lyxor’s executive committee.

Gil will combine this new role with his current position as head of international development for Lyxor.

Egret Management, the debt fund management entity of Societe Generale Group, is joining Lyxor and has changed its name to Lyxor Asset Management UK. The funds under management will continue to be managed by the same team, who will be integrated into Lyxor’s investment management division and will continue to be headed by Thierry de Vergnes. The addition of actively managed credit investments to its range of strategies enables Lyxor to develop a broader range of investment solutions.

As an FSA-regulated investment manager, Lyxor UK will further develop and reinforce the London-based teams through the recruitment of more than 10 additional asset management professionals.

Lyxor UK will promote the whole Lyxor products range within its four pillars of performance.

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