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A new chairman for Cleaveland

Appointment - 10/15/2019

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 Grandvoinet is appointed Chairman of Cleaveland, an investment company which was set up in 2005, and now manages €6.2bn 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. Edmond de Rothschild’s acquisition of 100% of the company took place in June 2016.

Additionally, Lyes Badji, Finance Director since 2012, will be appointed Managing Director of Cleaveland whilst 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 leading companies including 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 our 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 strategic expertise in order to meet the needs of our institutional and private investors. Edmond de Rothschild has one of the richest offerings on this market segment and we intend to further develop it in France, thanks to the arrival of François, as well as in the major European markets”.