Defined Contribution

Cardano adds co-head of defined contribution

Cedric Bucher was named co-head of defined contribution at Cardano, a spokesman said.

The position is new. Mr. Bucher now works alongside Ralph Frank and focuses on the commercial development of Cardano's DC business.

"(Mr. Bucher) has an excellent track record of building new propositions and growing businesses, making him an ideal fit for our next stage of development in DC. He joins an experienced team with a clear focus and vision about what DC clients need," Michael De Lathauwer, co-CEO of Cardano Group, said in a news release.

Mr. Bucher was previously head of Architas U.K., a provider of multimanager funds owned by AXA Group. Sarah Ackland, head of U.K. proposition at Architas, replaced Mr. Bucher, a spokesman said.

Cardano advises on £140 billion ($187.5 billion) in total assets.