Carmignac Gestion Luxembourg is seeking CSSF approval for an extension of its agreement to management company status. This will allow the Luxembourg subsidiary to become the manager of the Carmignac Portfolio SICAV and to expand the activity of its branches beyond their current role as local marketers.

As part of this development, Carmignac Gestion has appointed two of its senior managers, Eric Le Coz and Davide Fregonese, as managing directors of the Luxembourg management company, jointly with Antoine Bruneau, currently group financial controller.

Le Coz will continue to lead product development at group level and remains a member of the investment and strategic development committees, and of the board of directors.

Fregonese will continue to lead client development at group level. He remains a member of the strategic development committee and of the board of directors.