Mustapha Lahboubi has been appointed to lead one of Morocco’s biggest pension and savings institutions.
Starting 1 June, he will become General Manager of the Savings and Social Security Branch of the CDG Group, the division responsible for managing billions of dirhams in pension funds, regulated savings and social protection programmes.
Mr Lahboubi is a long-time CDG executive. Over the years, he has held several senior positions, including head of finance, risk management, and most recently strategy and development.
He is also a member of CDG’s Executive Committee and has served on the management board of CDG Développement. He previously represented the group on the board of the Casablanca Stock Exchange.
His new role places him at the head of a key part of Morocco’s financial system.
The division manages regulated deposits from public institutions, legal professions and escrow accounts. It also oversees two major pension schemes, the National Annuity and Insurance Fund (CNRA) and the Collective Retirement Allowance Scheme (RCAR).
Beyond pensions, the branch is involved in several social protection and solidarity programmes, including support for state initiatives linked to housing and social welfare.
According to recent CDG figures, the division manages more than 172 billion dirhams in pension reserves.
The CNRA currently holds net assets of 29.2 billion dirhams and recorded an investment return of 7.1%. Meanwhile, the RCAR pension scheme remains financially sustainable until 2054 and provides benefits to more than 151,000 retirees.
