A new Chairman for Cleaveland

The Edmond de Rothschild Group is pleased to announce the appointment of François Grandvoinnet to head up the activity of Cleaveland, the French arm of the Group’s Real Estate platform.

François Grandvoinnet is appointed Chairman of Cleaveland, an investment company which was set up in 2005. Cleaveland today has €6.2bn under management for third parties. François will replace Laurent Fermaut and Dominique Bonin, Cleaveland’s founders, who will leave the company at the end of this year following a succession plan. In this respect, we recall the Edmond de Rothschild’s acquisition of 100% of the company in June 2016.

Lyes Badji, Finance Director since 2012, will be appointed Managing Director of Cleaveland and Clément Brazy, currently Senior Fund Manager, will take over Lyes’ current function.

François Grandvoinnet, 53, has more than 30 years’ experience in Real Estate. Before joining Edmond de Rothschild, he was Chairman of Aviva Investors Real Estate France. He had previously held various positions in well-known companies like AXA REIM, CBRE Global Investors and AEW, both in France and abroad. He is a graduate of the Paris-Dauphine University.

“We are delighted that François Grandvoinnet will be running Cleaveland, one of the operating entities belonging to our European investment platform for which we have very ambitious plans. François’ track record, his investment experience and achievements will ensure the business continuity at Cleaveland. He will play a key role for the further development of the Real Estate activity”, said Pierre Jacquot, Head of Real Estate Investment Management at the Edmond de Rothschild Group.

For Christophe Caspar, Global CEO at Edmond de Rothschild Asset Management: “Nowadays Real Estate has become a