BNP Paribas names FoF management

Jean-Marc Rivet-Fusil will steer the bank’s fund of funds team following the departure of Xavier Caron, while Stéphanie Egoian becomes CIO.

Jean-Marc Rivet-Fusil has been promoted to head the fund of funds team at BNP Paribas Private Equity, while Stéphanie Egoian has been promoted to fill Rivet-Fusil’s former role of chief investment officer. The two comprise the group's investment committee, according to a statement.

Rivet-Fusil replaces Xavier Caron, who left the company to pursue “other projects”, according to a spokesperson. Caron and Rivet-Fusil both joined BNP Paribas Private Equity in late 2007 from Crédit Agricole Asset Management Capital Investors. Caron had launched a fund of funds in 1999, CPR Private Equity, which was later absorbed by Crédit Agricole.

BNP Paribas Private Equity’s direct investment arm, led by Guillaume Lebrun, last week strengthened its team with the hire of Alexandra Dupont, who’d previously worked for Cognetas and 21 Centrale Partners, as an investment director. The group also promoted Nicolas Schwindenhammer to investment director.

BNP’s private equity units, which are part of its asset management division, trace their roots back more than two decades to Banexi, the former investment banking division of Banque Nationale de Paris (BNP). Between 1998 and 2004, four different private equity groups have spun out of the bank: Banexi Ventures Partners, Euromezzanine Conseil, Azulis Capital and Orkos Capital.