French fund house BNP Paribas Asset Management has bolstered its €9bn private debt and real assets investment division with four new Paris-based hires.
The division, which was founded in 2017 and which is headed by David Bouchoucha, will welcome Stéphanie Passet as chief investment officer for infrastructure debt and Romain Linot as chief investment officer for real estate debt.
Passet, who has 19 years’ experience in structured finance within the energy, transport, telecoms and infrastructure sectors, will report to BNP Paribas AM’s head of infrastructure debt, Karen Azoulay.
Passet joins from Crédit Agricole CIB, where she spent the past decade as an executive director of infrastructure capital markets and then as the executive director of securitisation and project bonds, where she organised and structured debt capital market transactions with a specific focus on infrastructure, transportation and project bonds.
In his new role, Linot will be reporting to Christophe Montcerisier, who is head of real estate debt. Linot joins from Aviva Investors, where he served as head of real estate finance for continental Europe and where he help establish the company’s European real estate debt platform.
Linot, who has 16 years’ experience in the asset management industry, previously worked as a senior fund manager within commercial real estate finance at Axa Investment Managers.
BNP Paribas AM has also appointed a new analyst and investment manager in its small and medium-sized enterprises (SME) lending and structured finance teams.
Mohamed El Jani, who has eight years’ experience in the sector, will join the structured finance team as an investment manager, and will report to the division head, Michel Fryszman.
Irene Bárcena will be joining the SME Lending team as an analyst, and will report to head of SME lending, Christophe Carrasco.
Commenting on the hires, head of private debt and real assets, Bouchoucha said: ‘Private debt and real assets have become essential components of investors’ asset allocation, as they ensure stable income and diversification of credit exposure.
‘The strengthening of our teams with talented experts confirms BNP Paribas Asset Management’s positioning as a major player in private debt in Europe.’