mast image

Impact Investing

IPE special report May 2018

Sections

Sanofi-Aventis’ pension chief Zamagna leaves

GLOBAL - Petra Zamagna, head of benefits finance and asset management for pension and saving plans at pharmaceuticals group Sanofi-Aventis, has stepped down as she prepares to leave the company.

Benefits finance co-ordinator Dominique Schutz has also stepped down. His successor will take up the post in the news few weeks.

Zamagna has been replaced by Wolfgang Weber, who has worked seven years for the finance department at the group, the world’s third biggest drug maker.

In his new capacity, Weber heads a team of three and is involved with the management of a total of E8bn pension and saving plans.

He told IPE that his role included taking management and asset allocation decisions for the group’s benefit plans, which are split in pension plans, worth a global E5bn and saving plans, worth E3bn.

Weber explained Sanofi-Aventis only acts as an asset manager to the funds paid by employees, although he added the group sometimes also makes contributions. Pension plans, on the other hand, represent an explicit promise for provisions.

He added that he took financial decisions regarding the benefits plans with investment committees representing benefit schemes in each country where the group is present.

It is not clear whether Zamagna has already set a date for her departure from Sanofi-Aventis or whether she has new professional projects.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

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

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

  • RE-2441

    Closing date: 2018-05-31.

Begin Your Search Here