FRANCE – The €10.2bn French pension fund UMR has appointed Christian Oyarbide as its new chief executive officer, succeeding Charles Vaquier. 

Oyarbide will start his new role at UMR on 1 April this year, immediately after Vaquier steps down. 

Since May last year, Oyarbide has been consultant at Cogidées where he advises on social codes of practice.

The practices, traditionally implemented by companies, pension schemes, associations, trade unions as well as foundations, aim to promote solidarity between all members, as well as economic independence.

Prior to this, Oyarbide worked for the €7.9bn French pension scheme La France Mutualiste where he served as general director between 2007 and 2012. 

Before joining La France Mutualiste, he also served as general director for the local insurance firm PREPAR-VIE between 2000 and 2004.

Last month, IPE that Vaquier, who has served as chief executive at UMR since December 2002, would leave the pension fund on 31 March and start a new part-time role as an associate for an actuarial consultancy in Paris.