BloombergGabriel Gondard moved to Societe Generale SA, France’s second-largest bank by market value, from its fund management venture in China.
Gondard, who was deputy chief investment officer at Shanghai-based Fortune SGAM Fund Management Co., left last week after completing his contract, Wang Bo, a spokesman for the company, said by telephone yesterday. Gondard said in an e-mail late yesterday he has joined Societe Generale in Hong Kong.
Fortune SGAM, which manages about $7.2 billion in assets, is a venture between Paris-based Societe Generale and Baosteel Group, China’s largest steelmaker. Gondard’s Fortune SGAM Overseas China Growth Fund posted a 53 percent return in 2009, compared with the MSCI China Index’s 59 percent advance.
Zhou Xin has taken over as head of overseas investments at Fortune SGAM, the company said in a statement posted on its Web site on Dec. 31.
--Chua Kong Ho in Shanghai. With assistance from Zhang Shidong. Editors: Richard Frost, Reinie Booysen
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