With his 15 people team, he is responsible for managing the financial assets that hedge the 22bn liability derived from the forthcoming costs of deconstruction of the French nuclear power plants and the long term storage of nuclear waste.
Part of these assets is managed internally:
– Government bonds and currency hedge by the Paris dealing room ,
– Infrastructure and real estate investments by EDF Invest .
The other part (corporate bonds and equity) is delegated to asset management companies mainly in Europe and the US.
Bernard is also responsible for delegating to life insurers the asset management of the French defined benefits pension plans (9 bn€). He advises the supervisory boards of the Employee Savings Scheme and Employee Retirement Scheme (4 bn€ DC plans)
Bernard joined EDF S.A in 2011 after 22 years at La Banque Postale AM acting in the last ten years as CIO. Under his term, assets grew from 8 to 125bn and staff from 20 to 150 people.
Bernard graduated from Ecole Centrale de Paris (1986) as an engineer – economist. He is a chartered actuary (1990) and financial analyst (1995).