People Moves
French Asset Manager Intensifies Its Focus On North America
The Paris-based asset manager TOBAM has opened an office in New York, led by two new managing directors from Amundi, as the firm expands in North America.
The Paris-based asset manager TOBAM has
opened an office in New York, led by two new
managing directors from Amundi, as the firm expands in North
America.
Stephane Detobel and Francis Verpoucke will be responsible
for business development and relationship management with US
investors.
Detobel joins TOBAM after 12 years with Amundi in Europe and
North America. He began his career in 1993 as
a senior auditor at Deloitte Belgium,
subsequently joining State Street Global Advisors in Brussels as
head of client servicing for
Continental Europe. In 2001, he joined Amundi Benelux and then in
2008 created
Amundi USA to start and run the firm's activities in the US.
Verpoucke also joins TOBAM after 12 years with Amundi in
Europe and North America. He began his career
in 1996 as an auditor at PricewaterhouseCoopers Belgium,
and then, like Detobel, moved to State Street Global Advisors
(Brussels) as a client service officer. He
then started working at Amundi to cover the Dutch, Belgian and
Luxembourg markets, before joining Amundi USA in
2008 to take charge of business development and client servicing
for US
investors.
TOBAM has been pushing into the North American market for some years now, having linked up in 2009 with third-party marketer Investeam in Canada and then in 2011 receiving SEC approval as an investment advisor.
TOBAM manages $5.4 billion in assets as of November 2013, 90
per cent of which come from outside of France.
