FRR executive board chairman Mayer dies

FRANCE - Francis Mayer, chairman of the executive board at the €29bn Fonds de Réserve Pour les Retraites and chief executive of the Caisse des Dépôts, the French civil servants' fund, has died aged 56.

He passed away on Saturday morning after a long illness. Both institutions said they were "deeply saddened" by his death.

Mayer is the second leading European pensions figure to die recently, following the death of Stichting Pensioenfonds ABP board chairman John Neervens last month aged 60.

Until a new CEO is appointed for the Caisse, who will automatically become FRR chairman, Antoine de Salins, executive board member at the FRR, will be interim chairman of the reserve fund.

Mayer, who had been director general of the Caisse des Dépôts since 2002, "fought his illness up to the last moment with great dignity and a strong will", the pension fund said in a press release.

Raoul Briet, chairman of the FRR's supervisory board, paid tribute "to the eminent role played by Francis Mayer in the implementation and management of the FRR."

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2180

    Asset class: Multi Asset (With any combination of equities, debt instruments and cash / money markets as core assets in the portfolio).
    Asset region: Global (preferred OECD).
    Size: €20M to €40M.
    Closing date: 2016-05-27.

  • QN-2186

    Asset class: Diversified Growth / Multi strategy idiosyncratic.
    Asset region: Global.
    Size: AUD 60m.
    Closing date: 2016-05-31.

  • QN-2187

    Asset class: Fixed income.
    Asset region: Global.
    Size: AUD 80m.
    Closing date: 2016-05-31.

  • QN-2190

    Asset class: EUR Bonds Overall 10+ Maturities.
    Asset region: Eurozone.
    Size: EUR 100m.
    Closing date: 2016-06-03.

Begin Your Search Here