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 to have strong governance. LFDE has an Executive Committee made up of 9 members representing the company’s key functions. Numerous bodies structure our governance to ensure the adoption of best practices… Furthermore, we have chosen to house most of our funds in SICAVs to provide them with the highest standards of governance. Our SICAV Echiquier Impact, for example, benefits from a board of directors composed entirely of independent members who are all experts and capable of challenging us.
Management committee
CEO
CEO
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
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
Deputy CEO
Deputy CEO
Deputy CEO
CEO
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.
Deputy CEO
Board of directors
CIO
CIO
A graduate of ESSEC, Michel Saugné began his career in 1999 with BNP Paribas before joining Natixis as a proprietary trader on equity strategies. In 2004, he moved to LCF Rothschild as a fund manager and was later appointed Head of the Funds of Hedge Funds team and co-head of the long-short equity expertise at Edmond de Rothschild. He joined Tocqueville Finance in 2013 and was promoted to deputy CIO in 2016. A member of LBP AM’s Executive Committee, he was appointed deputy CEO of Tocqueville Finance in 2023. In 2024, Michel Saugné was appointed Co-CIO of LFDE and joined the Executive Committee. Michel Saugné was promoted to CIO of LFDE in January 2025.
CIO
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
Head of International Development
Head of International Development
A graduate of EDHEC Business School, Anne-Sophie Girault began her career in 1999 at Edmond de Rothschild in Paris, before joining Fidelity International in London in 2001 as Investment Director. She continued her career at ABN AMRO Asset Management in 2006, then joined Aviva Investors in 2010 as Head of Fixed Income Client Portfolio Management. In 2014, she joined RBC Global Asset Management as Managing Director - Head of EMEA Distribution. In 2022, she was appointed Managing Director - Head of Continental Europe at RBC BlueBay Asset Management. In the same year, she joined the board of directors of RBC Funds. In 2025, Anne-Sophie Girault joined LFDE as Head of International Development and at the same time the Board of Directors.
Head of International Development
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
Head of Human Resources
Head of Human Resources
Coralie Hermans joined the Exane Group in 2006 as Head of Human Resources, in particular for asset management activities. In 2017, Coralie Hermans joined Edmond de Rothschild as HR Business Partner for asset management, before being appointed Head of Talent Management, Diversity and Inclusion. In 2024, she joined Sycomore Asset Management as Head of Human Capital. Coralie Hermans was appointed Head of Human Resources and joined the LFDE Executive Committee in January 2025. Coralie Hermans is a graduate of EDHEC Business School.
Head of Human Resources
General Secretary
General Secretary
Elsa Scoury began her career in 2011 at PwC as an asset management auditor. She then joined LFDE in 2015 as Compliance Officer, before being appointed Head of Compliance in 2016. In 2020, she was appointed Chief Operating Officer and joined LFDE's Executive Committee, before being promoted to General Secretary in January 2025. A graduate of Neoma Business School, Elsa Scoury also holds a Diplôme d'Expertise Comptable and an MBA from the University of Ottawa (Canada).
General Secretary
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
CIO
A graduate of ESSEC, Michel Saugné began his career in 1999 with BNP Paribas before joining Natixis as a proprietary trader on equity strategies. In 2004, he moved to LCF Rothschild as a fund manager and was later appointed Head of the Funds of Hedge Funds team and co-head of the long-short equity expertise at Edmond de Rothschild. He joined Tocqueville Finance in 2013 and was promoted to deputy CIO in 2016. A member of LBP AM’s Executive Committee, he was appointed deputy CEO of Tocqueville Finance in 2023. In 2024, Michel Saugné was appointed Co-CIO of LFDE and joined the Executive Committee. Michel Saugné was promoted to CIO of LFDE in January 2025.
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 International Development
A graduate of EDHEC Business School, Anne-Sophie Girault began her career in 1999 at Edmond de Rothschild in Paris, before joining Fidelity International in London in 2001 as Investment Director. She continued her career at ABN AMRO Asset Management in 2006, then joined Aviva Investors in 2010 as Head of Fixed Income Client Portfolio Management. In 2014, she joined RBC Global Asset Management as Managing Director - Head of EMEA Distribution. In 2022, she was appointed Managing Director - Head of Continental Europe at RBC BlueBay Asset Management. In the same year, she joined the board of directors of RBC Funds. In 2025, Anne-Sophie Girault joined LFDE as Head of International Development and at the same time the Board of Directors.
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 Human Resources
Coralie Hermans joined the Exane Group in 2006 as Head of Human Resources, in particular for asset management activities. In 2017, Coralie Hermans joined Edmond de Rothschild as HR Business Partner for asset management, before being appointed Head of Talent Management, Diversity and Inclusion. In 2024, she joined Sycomore Asset Management as Head of Human Capital. Coralie Hermans was appointed Head of Human Resources and joined the LFDE Executive Committee in January 2025. Coralie Hermans is a graduate of EDHEC Business School.
General Secretary
Elsa Scoury began her career in 2011 at PwC as an asset management auditor. She then joined LFDE in 2015 as Compliance Officer, before being appointed Head of Compliance in 2016. In 2020, she was appointed Chief Operating Officer and joined LFDE's Executive Committee, before being promoted to General Secretary in January 2025. A graduate of Neoma Business School, Elsa Scoury also holds a Diplôme d'Expertise Comptable and an MBA from the University of Ottawa (Canada).
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.