Dominique Carrel-Billiard has stepped down from his position of chief executive officer of French boutique La Financière de l’Echiquier according to French economic trade publication L’Agefi reported.
The publication stated that Carrel-Billiard has reached an agreement with Didier Le Menestrel, co-founder and chairman of La Financière de l’Echiquier, to leave the company, it is understood that he will be replaced and Le Menestrel will take over his responsibilities as chief executive officer.
Carrel-Billiard joined La Financière de l’Echiquier in 2014, previously he was CEO of AXA IM from 2006 to 2013. Prior to that, he was Senior Vice President Business Support and Development at AXA and Principal at McKinsey & Company. He started his career in 1987 as an Associate at Crédit Commercial de France.
Established in 1991, La Financière de l’Echiquier has around €7.5bn of assets under management.