Our conception of governance
The attention we pay to governance is a legacy to which we are attached. More than 30 years of expertise have taught us that good managers instil a vision and implement ambitious social and environmental policies.
Our governance analysis criteria
Existence of checks and balances
Relevance of the functions represented on the Management Committee
Respect for minority shareholders
Evaluation of non-financial risks
Transparency of financial information
Governance
Our first requirement is high-quality governance. LFDE has a nine-member Executive Committee representing the main functions of the company, and numerous bodies that structure governance to adopt best practices, such as a Committee and a Product Committee. We went a step further in 2021 and created a Climate and Biodiversity Committee, involving all internal stakeholders in order to step up our transformation and implement a climate strategy at the heart of our company. We have also chosen to place most of our funds in SICAVs in order to apply best governance practices. For example, our Echiquier Impact SICAV has a Board of Directors made up of independent members who are all experts and capable of challenging us.
Management committee
CEO & Co-CIO
CEO & Co-CIO
From 1990, Olivier de Berranger successively held positions as trader and then manager of the cash and derivative interest rate products trading desk at Credit Lyonnais and then Calyon. He later moved to First Finance, where he headed the Capital Markets division. Olivier de Berranger joined La Financière de l’Echiquier as a fixed income manager in March 2007. After serving as Head of Fixed Income, Credit and Multi-Asset, he was appointed Chief Investment Officer and joined the Executive Committee in 2017. He was appointed Managing Director of LFDE in December 2023. Olivier de Berranger is a graduate of HEC.
CEO & Co-CIO
Deputy CEO
Deputy CEO
Holds a Master of Arts in Economics and Finance from the University of Chicago. Vincent Cornet began his career in 1983 as a commodity trader with Drexel Burnham Lambert. In 1985, he joined the Caisse des Dépôts et Consignations as Chief Primary Dealer (SVT) and managed the bond trading desk between 1990 and 1993. He moved to CDC Gestion in early 1993 as Director of Bond Management. In 1996, he was appointed Global Head of Fixed Income. Late 1997, Vincent Cornet joined Axa Investment Managers as CIO for Fixed Income in Paris, and was appointed Global Fixed Income CIO at the end of 2002. He moved to Pictet Asset Management in Geneva in 2006, where he served as Global Fixed Income CIO. Before joining LBP AM in 2012 as CIO and Member of the Management Board, he also served as CIO of Groupe Malakoff Médéric and CEO of Fédéris Gestion d’Actifs. Vincent Cornet joined LFDE on January 1st 2024 as Deputy CEO of LFDE.
Deputy CEO
CEO & Co-CIO
From 1990, Olivier de Berranger successively held positions as trader and then manager of the cash and derivative interest rate products trading desk at Credit Lyonnais and then Calyon. He later moved to First Finance, where he headed the Capital Markets division. Olivier de Berranger joined La Financière de l’Echiquier as a fixed income manager in March 2007. After serving as Head of Fixed Income, Credit and Multi-Asset, he was appointed Chief Investment Officer and joined the Executive Committee in 2017. He was appointed Managing Director of LFDE in December 2023. Olivier de Berranger is a graduate of HEC.
Deputy CEO
Holds a Master of Arts in Economics and Finance from the University of Chicago. Vincent Cornet began his career in 1983 as a commodity trader with Drexel Burnham Lambert. In 1985, he joined the Caisse des Dépôts et Consignations as Chief Primary Dealer (SVT) and managed the bond trading desk between 1990 and 1993. He moved to CDC Gestion in early 1993 as Director of Bond Management. In 1996, he was appointed Global Head of Fixed Income. Late 1997, Vincent Cornet joined Axa Investment Managers as CIO for Fixed Income in Paris, and was appointed Global Fixed Income CIO at the end of 2002. He moved to Pictet Asset Management in Geneva in 2006, where he served as Global Fixed Income CIO. Before joining LBP AM in 2012 as CIO and Member of the Management Board, he also served as CIO of Groupe Malakoff Médéric and CEO of Fédéris Gestion d’Actifs. Vincent Cornet joined LFDE on January 1st 2024 as Deputy CEO of LFDE.
Board of directors
Co-CIO
Co-CIO
About Michel Saugné, co-CIO of LFDE and member of the Executive Committee A graduate of ESSEC, Michel Saugné began his career in 1999 at BNP Paribas before joining Natixis as a proprietary trader in equity strategies. In 2004, he joined LCF Rothschild as a fund manager, before becoming head of alternative multi-management and co-head of long-short equity management at Edmond de Rothschild. In 2013, he continued his career at Tocqueville Finance, becoming Head of Collective Investment Management in 2016. A member of LBP AM’s Executive Committee, he was appointed Deputy CEO of Tocqueville Finance in 2023. In 2024, he was appointed co-CIO of LFDE and became a member of its Executive Committee.
Co-CIO
Corporate Secretary
Corporate Secretary
Edouard Duffour pursued a degree in business administration and then in accounting in 2014. He began his career as an auditor at Deloitte. He subsequently joined the accounting firm Cælis, providing audit and advice services to companies including Natixis Private Equity International. He joined La Financière de l'Echiquier in 2015 as Chief Administrative and Financial Officer. In 2020, Edouard Duffour was appointed Secretary General in charge of Finance and Operations (Middle Office, Partner Management, IT and General Services) and joins La Financière de l'Echiquier's Executive Committee.
Corporate Secretary
Head of marketing & communication
Head of marketing & communication
Anne-Laure began her career in 1995 at Paribas. She joined Exane BNP Paribas in 1998 where she spent eight years as financial analyst. She switched in 2006 to marketing and product development at AXA Investment Managers. In 2008, she moved into Private Equity at Groupama Private Equity, where she created and headed the Investor Relations and Marketing team. She joined La Financière de l’Echiquier in 2016 as Institutional sales then in 2018 took over the Product Marketing and Client Service team. In 2019, she was appointed Director of Marketing and Communication and joined the Executive Committee. Anne-Laure holds a Master in Management with a specialization in Finance from ESSEC business school in Paris. She holds a financial analyst diploma from the French Society of Financial Analysts.
Head of marketing & communication
Chief Operating Officer
Chief Operating Officer
A graduate of Rouen Business School, MBA from Ottawa University and qualified accountant, Elsa Scoury started her career as an auditor in asset management at PwC. She joined La Financière de l'Echiquier in 2015, working, first, as Chief Compliance Officer then Deputy CFO. Elsa was appointed CCO in 2020 with a seatin the Executive Committee.
Chief Operating Officer
Business Development Manager, French
Business Development Manager, French
Robert Véla is a graduate from ESVE in marketing and management. He worked as Senior Sales Manager at Europerformance, Crédit Mutuel Asset Management and ING Investments Management. He joined Neuflize OBC Investissements before moving on to Primonial Group in 2014 as Head of Institutional Sales and wholesale distribution. Robert Véla joined La Financière de l'Echiquier in 2018 and the Executive Committee in 2020.
Business Development Manager, French
Head of Business & Regulatory Solutions
Head of Business & Regulatory Solutions
Caroline Farrugia holds a DESS in Finance from the University of Paris-Assas, and began her career at Arthur Andersen as a project manager in the Asset Management division (5 years). She then spent 15 years with OFI AM as Director of Compliance and Internal Control, before continuing her career with Primonial as Head of Compliance, Internal Control and Risk Management for financial management companies. Caroline joined LFDE as RCCI in March 2018, before being appointed Director of Compliance and Internal Control in 2020 and joining the Executive Committee. In 2024, she ceased her control responsibilities and set up a Business & Regulatory Solutions department in charge of supporting the business teams in the management company's development projects (in France and internationally) as well as in regulatory projects.
Head of Business & Regulatory Solutions
Co-CIO
About Michel Saugné, co-CIO of LFDE and member of the Executive Committee A graduate of ESSEC, Michel Saugné began his career in 1999 at BNP Paribas before joining Natixis as a proprietary trader in equity strategies. In 2004, he joined LCF Rothschild as a fund manager, before becoming head of alternative multi-management and co-head of long-short equity management at Edmond de Rothschild. In 2013, he continued his career at Tocqueville Finance, becoming Head of Collective Investment Management in 2016. A member of LBP AM’s Executive Committee, he was appointed Deputy CEO of Tocqueville Finance in 2023. In 2024, he was appointed co-CIO of LFDE and became a member of its Executive Committee.
Corporate Secretary
Edouard Duffour pursued a degree in business administration and then in accounting in 2014. He began his career as an auditor at Deloitte. He subsequently joined the accounting firm Cælis, providing audit and advice services to companies including Natixis Private Equity International. He joined La Financière de l'Echiquier in 2015 as Chief Administrative and Financial Officer. In 2020, Edouard Duffour was appointed Secretary General in charge of Finance and Operations (Middle Office, Partner Management, IT and General Services) and joins La Financière de l'Echiquier's Executive Committee.
Head of marketing & communication
Anne-Laure began her career in 1995 at Paribas. She joined Exane BNP Paribas in 1998 where she spent eight years as financial analyst. She switched in 2006 to marketing and product development at AXA Investment Managers. In 2008, she moved into Private Equity at Groupama Private Equity, where she created and headed the Investor Relations and Marketing team. She joined La Financière de l’Echiquier in 2016 as Institutional sales then in 2018 took over the Product Marketing and Client Service team. In 2019, she was appointed Director of Marketing and Communication and joined the Executive Committee. Anne-Laure holds a Master in Management with a specialization in Finance from ESSEC business school in Paris. She holds a financial analyst diploma from the French Society of Financial Analysts.
Chief Operating Officer
A graduate of Rouen Business School, MBA from Ottawa University and qualified accountant, Elsa Scoury started her career as an auditor in asset management at PwC. She joined La Financière de l'Echiquier in 2015, working, first, as Chief Compliance Officer then Deputy CFO. Elsa was appointed CCO in 2020 with a seatin the Executive Committee.
Business Development Manager, French
Robert Véla is a graduate from ESVE in marketing and management. He worked as Senior Sales Manager at Europerformance, Crédit Mutuel Asset Management and ING Investments Management. He joined Neuflize OBC Investissements before moving on to Primonial Group in 2014 as Head of Institutional Sales and wholesale distribution. Robert Véla joined La Financière de l'Echiquier in 2018 and the Executive Committee in 2020.
Head of Business & Regulatory Solutions
Caroline Farrugia holds a DESS in Finance from the University of Paris-Assas, and began her career at Arthur Andersen as a project manager in the Asset Management division (5 years). She then spent 15 years with OFI AM as Director of Compliance and Internal Control, before continuing her career with Primonial as Head of Compliance, Internal Control and Risk Management for financial management companies. Caroline joined LFDE as RCCI in March 2018, before being appointed Director of Compliance and Internal Control in 2020 and joining the Executive Committee. In 2024, she ceased her control responsibilities and set up a Business & Regulatory Solutions department in charge of supporting the business teams in the management company's development projects (in France and internationally) as well as in regulatory projects.