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Lyxor pushes into UK market with credit fund arm

Lyxor pushes into UK market with credit fund arm

Lyxor Asset Management is bolstering its presence in the UK with the appointment of a new chief and the launch of a credit solutions arm.

Pierre Gil has been named as chief executive officer (CEO) of Lyxor UK, based in London. He will report to Lyxor’s CEO Inès de Dinechin and Ian Fisher as UK chief country officer for the Societe Generale Group.

Gil will combine this new role with his current position as head of international development for Lyxor.

Meanwhile Egret Management, the debt fund management arm of Societe Generale Group, is joining Lyxor and has changed its name to Lyxor Asset Management UK.

The same team at Egret will continue to manage the funds, headed by Thierry de Vergnes, and will be merged into Lyxor’s Investment Management division.

Lyxor UK said it will further develop the London-based teams through the recruitment of more than 10 additional asset management professionals.

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