Pension Funds

CEO of French pension fund ERAFP to depart

Philippe Desfosses, CEO of the Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is to leave the €30 billion ($34.9 billion) pension fund, a spokesman said.

Mr. Desfosses was appointed CEO in June 2008. He has also held roles at AXA Group, was a special adviser to the French minister of labor and social affairs and worked at the French Treasury.

The spokesman declined to comment further. Details on his future plans could not be learned by press time.