Maxime Carmignac to spearhead French group's UK operations

By on

Carmignac Gestion has appointed fund manager Maxime Carmignac to the role of managing director for the group’s UK office.

The move affirms the French asset management’s efforts to bolster its presence in the UK market.

Maxime Carmignac is set to focus on the group’s long-term strategy for what it has identified as a strategic market for growth.

This new role for Maxime Carmignac – daughter of company founder Edouard Carmignac – signals a further step away from active management.

She had previously run the firm’s Market Neutral fund and been touted as a long-term successor to her father's fund management legacy.

Late last year Vincent Steenman was hired from Zadig Asset Management to take over the strategy from Maxime Carmignac, this was ahead of her going on maternity leave.

The new position for Maxime Carmignac does not impact Matthew Wright’s role, who remains as head of country for the UK. Wright will continue to oversee business development with distributors.

Maxime Carmignac, who is also a member of the company’s Strategic Development Committee, joined the firm in 2006 and has been a member of the group’s board of directors since 2008.