Lyxor Asset Management has named David Lake as the new CEO for its business in the UK, replacing Matthieu Mouly, who will move to Paris to continue his role as global head of sales for Lyxor ETF.

Paris is the headquarters of Lyxor Asset Management, which operates as a subsidiary of Société Générale Société anonyme.

In the new role, Lake will report to the firm’s chief client officer Nathanael Benzaken as well as UK chief country officer Sadia Ricke.

Lake has been working at Lyxor since last year. In his sales and business development career of 15 years, he also had a stint at Source Asset Management.

In addition to the new responsibility, Lake will continue in his former position as head of ETF sales for UK and Ireland. He will work closely with Mouly in this capacity.

Lyxor CEO Lionel Paquin said: “The UK is a key market for Lyxor. Over the past few years, we have been adding resources to strengthen our set-up there and have been adapting our products and services offering to the needs of UK investors.

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“I believe this puts Lyxor in a strong position to continue growing in the UK and I am confident David will be instrumental in helping achieve this ambition.”