La Financière de l’Echiquier (LFDE) and Primonial seal their strategic partnership
Christophe Mianné is appointed Chief Executive Officer of LFDE
Within the framework of the strategic partnership between La Financière de l’Echiquier and Primonial initiated on 30 November 2017, LFDE yesterday acquired 100% of Primonial’s asset management operations whereas Primonial acquired a 40% stake of the new LFDE scope.
Christophe Mianné is appointed Chief Executive Officer of the company. He retains his current function of Deputy CEO of Primonial Group in charge of Asset Management.
Christophe Mianné will work in close collaboration with the two founders: Didier Le Menestrel, Chair of LFDE’s Board of Directors, and Christian Gueugnier, LFDE’s Deputy CEO. He will be supported by a team that has been reinforced by LFDE’s acquisition of Stamina AM and AltaRocca AM and the AM business development transferred by Primonial.
Christophe Mianné’s mission will be to spearhead the development of the new entity born from this partnership which, with assets under management of nearly €11 billion, has experienced robust inflows since the partnership’s announcement. His top priority will be developing distribution outside of France, setting the stage for the new entity to become a leading European asset management company.
Speaking of this appointment, Didier Le Menestrel, Chair of La Financière de l’Echiquier’ Board of Directors, declared: “I am very pleased to welcome Christophe to the position of Chief Executive Officer. His standing in our industry, his energy and spirit of conquest represent critical advantages that will allow us to meet our objectives within a universe in transformation. Our main ambition is to accelerate our European development.”
Christophe Mianné, Chief Executive Officer of La Financière de l’Echiquier and Deputy Chief Executive Officer of Primonial Group in charge of financial AM, stated: “I am delighted to join La Financière de l’Echiquier. All our teams are focussed on growing together and pursuing a common goal. The integration process is proceeding very well and will create excellent synergies.”
Stéphane Vidal, Chair of Primonial, added: “Primonial and La Financière de l’Echiquier are uniting their talent. We share a common European ambition and I cannot help being pleased by the high quality of this deal which will most certainly increase the already excellent momentum we have been experiencing since the beginning of the year”.
Christophe Mianné Bio
A graduate of the École Centrale de Paris, Christophe Mianné joined Primonial in June 2017 as Head of the Financial Asset Management division. Before that his entire career has been with Société Générale (SG Corporate and Investment Banking) where he served as a member of the Société Générale Group Management Committee since July 2001. From 1999 to 2007, he was Global Head of Equity Derivatives then Head of Global Markets until 2012 He was then appointed Deputy Head of Corporate & Investment Banking, Private Banking, Asset Management and Securities Services. He was one of the founders of Lyxor, serving until March 2017, as Chair of the Supervisory Board.
About La Financière de l’Echiquier – www.lfde.com
Created in 1991 by Didier Le Menestrel and Christian Gueugnier, La Financière de l’Echiquier is one of France’s leading independent asset management companies. Its business: managing savings and financial investments for retail customers, wealth management advisors and institutional customers. LFDE is also present in Germany, Austria, Belgium, Switzerland, Italy, Spain and Benelux.
La Financière de l’Echiquier key figures at 31/12/2017
2017 gross inflows: €480.6m
Assets under management: €9.0bn
Workforce: 103 employees
About PRIMONIAL – www.primonial.com
Primonial group, specialised in all aspects of wealth management, selects, combines and offers comprehensive solutions for wealth management professionals and their clients. It is supported by a large number of specialists in residential property investments and real estate funds, life insurance and annuities, structured products and asset management.
PRIMONIAL Group key figures at 31/12/2017
2017 gross inflows: €5.511bn
Assets under management (managed or advised): €23.44bn
Workforce: 660 employees