France’s Fonds de Réserve pour les Retraites (FRR) has reappointed Sandrine Lemery as chair of the Supervisory Board by decree of the President of the Republic.

Lemery is also Crédit Coopératif chair of the risk committee and vice-chair, UFF - wealth management advisory bank chair of the Risk Committee and Audit Committee, and MAIF external member of the Audit and Risk Committee. Additionally, she is a senior advisor at both Nemrod and Progress Associés.

Commenting on her appointment, Lemery said she is “honoured and delighted” by the confidence that the state has placed in her by reappointing her as chair of the Supervisory Board of FRR.

“I warmly thank the members of the Supervisory Board for the quality of the collective work carried out over the last six years, as well as the Executive Board and the FRR teams for their commitment, professionalism and sense of public service.”

Lemery noted that the past six years she has worked as chair of the Supervisory Board have been marked by “health, financial and economic crises and by strong short-term pressure”.

“Together, we have strengthened the resilience of the FRR, fulfilled its obligations to the CADES, extended its management horizon to enable it to invest in long-term assets, created value for public finances and confirmed its economic usefulness, in particular by supporting the real economy and the ecological transition,” she continued.

“As this new term of office begins, the experience of the FRR reminds us that collective capitalisation is not an alternative to distribution, but a collective capacity to organise the long term for the benefit of all.”

FRR said that Lemery’s reappointment reflects the confidence placed in her to steer the fund's strategic direction.

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