The Paris-based investment firm Varenne Capital Partners has added executives to its operational team as the $3.9 billion firm seeks to increase resilience across its people, office and systems.
In the next few months, Varenne said it will announce two additional hires in the investment team. The firm applies private equity-style due diligence to public equity investment. The firm’s strategy incorporates four complementary investment frameworks that are long equity, short equity, merger arbitrage and tail risk hedging.
Joining as chief technology officer is Séverin Plossard, who has 17 years experience in IT development and finance. Prior to joining Varenne in 2021, he worked over a decade at Exane Asset Management, where he was in charge of information systems. At Varenne, he has overseen the investment in systems and IT infrastructure that help solidify the firm’s institutional-grade capabilities for processing, back up, redundancy and protection that will support its investment management growth and technology innovation.
Two additional key hires were made earlier this year. Anthony Pourreau is a middle officer in operations, having joined Varenne earlier this year after working at BNP Wealth Management in Geneva and at Lyxor Asset Management. Quentin Richard was hired as business development officer, having been an analyst dedicated to ultra high-net-worth clients at UBS Bank in France.
“We are delighted to attract such talented individuals and continue to build a team of seasoned operations professionals to meet the needs and expectations of the regulators, our investor and counterparties, while further supporting our investment team,” said Guiseppe Perrone, president and managing partner of Varenne Capital.
Varenne also recently doubled the size of its offices at its campus on Avenue Montaigne in Paris. The investment and operations teams have already moved in and the new office space allows for further expansion of the team and operations.