Primonial Asset Management appoints new chief executive
The new head of French fund selector Primonial Asset Management, François Barthelemy, will be responsible for its growth strategy and management activities.
Within the wider structure of Primonial Group, Barthelemy will also be in charge of its structured products platform.
Barthelemy previously spent 10 years working in alternatives for Morgan Stanley and Robert Fleming in London.
In 2004 he helped found F&C Partners, an asset manager catering to institutional clients including insurance companies, pension funds and insurance groups. Barthelemy was co-manager of F&C’s fund of hedge funds which had $2bn of assets under management.
He joined Primonial in Paris in November 2011.
Primonial Group is supported by Neway Holding (which has a 70% holding) and a subsidiary of Natixis, Naxicap Partners (30%). It has €4.2bn of assets under management.
It was founded in 1989 and specialises in wealth management and fund selection. In 2011 the group bought French boutique W finance which has expertise in cash and wealth management.
Primonial Asset Management was founded in 2006 to run the group’s multi-management activities. It has €750m of assets under management.