FRANCE - Jean-Louis Nakamura, who is leaving the ERAFP pension fund on March 1, will become the new institutional head of Lombard Odier Darier Hentsch (LODH), the bank has confirmed.

Nakamura has been named as the new chairman of the executive committee of Lombard Odier Darier Hentsch Gestion, taking charge of the management and development of institutional investors and distribution partners.

Nakamura, currently chief executive officer (CEO) of the €4.8bn French public service supplementary pension scheme ERAFP, yesterday announced his departure after less than six months in office "as part of a professional development".

"He will join Jean-Jacques Hamel, chairman of the executive committee of Lombard Odier Darier Hentsch & Cie (France), and Hugues Riche, a Partner of the Group Holding Company, on the management committee responsible for Lombard Odier Darier Hentsch's activities in France," LODH said in a news release.

Emmanuel Roulin, until now head of LODH's French subsidiary, which was set up in March 2001 and currently has €5bn in assets under management, will move to Geneva to become responsible for international marketing and product development for the investment managers unit.

"Pending the appointment of his successor, Isabelle Szendy, deputy CEO, will deputise," ERAFP said yesterday.

Nakamura was previously chief investment at the French national pension reserve fund, FRR. He is currently on leave and was unavailable for comment when contacted by IPE.

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