FRANCE - The Caisse des Dépôts, France's state-owned public-interest financial institution, has named Gilles Seigle as director of pensions.

"Gilles Seigle is appointed director of pensions and a member of the Caisse des Dépôts management committee, replacing Jérôme Gallot," it said in a release earlier this month.

Seigle was previously  chairman of SCET, a subsidiary of Société Nationale Immobilière (SNI) and a  member of SNI's management board.

Jérôme assumes responsibility for the group's private equity activities and  its services in support of small and medium-sized firms, taking over from Albert Ollivier. The changes came amid a raft of new appoints at the entity.

Caisse des Dépôts describes itself as a "major, long-term institutional investor in both listed and non-listed companies through its  capital investment division".

It performs public-interest missions on behalf of France's central, regional and local governments.

It's "the leading administrator of French savings deposits and retirement savings funds and of private funds that are protected under French law".

Subsidiaries include Transdev, Egis, Compagnie des Alpes and VVF Vacances, Icade, Société Nationale Immobilière and private equity firm CDC Entreprises. It's the leading shareholder in insurer CNP.