FRANCE - Jean-Louis Nakamura, chief executive officer (CEO) of the €4.8bn French public service supplementary pension scheme ERAFP, has announced his departure after less than six months in office.

The fund said in a news release this morning following inquiries by IPE that Nakamura will leave on March 1 "as part of a professional development".

An industry source told IPE yesterday he has decided to leave to join a bank.

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

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.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

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