Tikehau taps ex-regulator for compliance head role
Tikehau Capital has hired a former regulator as group head of compliance as its multi-asset platform grows larger and more complex.
Ephraïm Marquer joined the asset manager in September to ensure an “enhanced level of compliance” across Tikehau’s eight offices, in a role that will see him report directly to the firm’s management board.
Marquer’s two-decade regulatory career in Paris spans roles across large asset managers, industry associations but also regulators.
After a first stint (1998-1999) at Credit Agricole, he went on to manage PE fund authorisations at the French Stock Exchange Commission. When French financial watchdog AMF was created in 2003 and absorbed the Commission’s functions, Marquer stayed on board. At AMF – a regulator recently profiled by The Drawdown – he came to manage a six-strong team responsible for policy setting and industry consultations.
In 2005, he quit the AMF to lobby French policymakers on behalf of French asset management body AFG. After three years, he went on to become global head of compliance at BNP Paribas Asset Management, leading a team of 85 compliance officers across approximately 30 jurisdictions.
His appointment is the latest at Tikehau, a €14.2bn-AuM firm active across private debt (€6.1bn as of March 2018), liquid strategies (€3.3bn), private equity (€2.6bn) and real estate (€2.2bn). As reported by The Drawdown’s sister publication PEmap , the asset manager recently tapped Eurazeo’s Emmanuel Laillier to take on a newly created role of head of private equity.
The firm, listed on Euronext Paris and employing 220 across Europe, the US and Asia, is one of a number of French multi-asset GPs pushing up AuM through GP stake deals. In January, the firm secured a 25% stake in VC Ring Capital, investing in the firm’s €140m maiden fund in the process.
From Eurazeo-Idinvest to Ecofi-Esfin, consolidation is picking up pace in the flourishing, competitive French private equity scene. Local industry leaders believe the multi-asset approach could be a boon, amid claims it can help GPs attract top talent and commitments from a more diverse LP base.