La Française has moved to strengthen its position in the bond market by hiring a head of fixed income from rival firm Groupama Asset Management.
The Paris-based group has named Maud Minuit as its new head of fixed income, with responsibility for developing the company’s existing operations, which currently represent close to €9 billion in assets.
Minuit, who will sit within the fixed income and cross-asset division under Jean-Luc Hivert, brings with her 18 years of investment experience as a department head and portfolio manager.
During her time with Groupama AM, which she joined in 1999, Minuit focused primarily on inflation-linked and euro-denominated bond funds.
In her new capacity, she will oversee a team responsible for money-market, fixed income, total return bond and inflation-linked asset management.
Based in Paris, the fixed income and cross-asset team of La Française comprises 22 managers grouped into three specialist divisions, covering all fixed income asset classes.
The team represents around 45% of the group’s assets under management and covers a range of open funds, as well as dedicated funds and mandates for both French and international clients.