Latest news with #AntoineFlamarion
Bloomberg
20-02-2025
- Business
- Bloomberg
Tikehau Plans to Shift Paris Staff Abroad, Invest Less in France
French asset manager Tikehau Capital SCA is planning to transfer some employees currently based in Paris to offices abroad as it shifts resources away from its home market. The firm is 'streamlining the teams in Paris to send them a little more to the 17 other countries where we're present' Co-Founder Antoine Flamarion said in an interview this week. 'There might be no staff replacement in Paris in the future, and there will always be individual departures.'
Bloomberg
20-02-2025
- Business
- Bloomberg
Tikehau Says Its Schroders Stake May Lead to Cooperation Deal
By and Leonard Kehnscherper Save French asset manager Tikehau Capital SCA said its holding in UK competitor Schroders Plc could pave the way for a partnership between them. While the primary rationale behind the stake is Tikehau's conviction that Schroders' stock is set to rise, 'there may be some commercial collaboration in the future,' Co-Founder Antoine Flamarion said on an earnings call on Thursday.
Reuters
20-02-2025
- Business
- Reuters
French investor Tikehau eyes "commercial collaboration" with Schroders
LONDON, Feb 20 (Reuters) - Tikehau Capital, a French fund with 49 billion euros ($51 billion) under management, said there could be a "commercial collaboration in the future" with Schroders (SDR.L), opens new tab after it acquired a 4% stake in the asset management firm. "Schroders is probably one of the best remaining global brands ... there may be some commercial collaboration in the future," said co-founder Antoine Flamarion during a call with investors on Thursday, without elaborating further. The Paris-based firm, which mainly invests in private credit, had bought about 55 million euros ($57 million) in Schroders shares as of December last year, it said on Thursday, and has since become one of the top ten investors in the firm, according to LSEG data. Tikehau has recently built relationships with other asset managers, including Tokyo-based asset manager Nikko AM to expand in Asia. A spokesperson for Schroders declined to comment. "The financial industry is changing very fast, we see a lot of value in the traditional asset management, and that's why we decided to do this financial investment," said Flamarion. Schroders is one of Europe's largest investment managers, manages about 773.7 billion pounds ($975 billion) of client funds, according to company's filings. It will present a strategy update and earnings in early March. The Schroder family remain the largest shareholder in the firm, holding about a 44% stake via investment vehicles, according to the firm's 2023 annual report, the latest available. ($1 = 0.9583 euros)
