Our Team

Investment and operational teams are crucial to Varenne Capital Partners and we focus hard on fostering individual talent while maintaining an ethos of teamwork, collaboration and accountability. As a result, the firm has experienced very low staff turnover and our top-level management has been with the company since inception.

Investment professionals are organized in different teams – Long Equity, Short Equity, Merger Arbitrage or Tail Risk Hedging. The teams are in charge of originating the investment ideas brought before to the firm’s investment committee.

Investment Professionals


Giuseppe PERRONE

CEO, Managing Partner

Co-founded the Company in January 2003 and developed the methodology and process that is at the heart of its investment strategies. Previously served as Senior Strategy and Finance Consultant with Corporate Value Associates, the international strategy consulting firm, where he advised corporations including Cogema, Britannic Assurance, Carrefour, Pechiney (Alcan) and Lafarge. He subsequently took part as an investor in the successful turnaround of MEGA Intl., a spin-off of Capgemini based in Boston, Massachusetts, where he had the opportunity to study the investment principles of Warren E. Buffett, George Soros, James B. Rogers and the analytical framework of Professor Michael Porter (Harvard University). Giuseppe graduated top marks from Bocconi University in Milan and HEC in Paris.

Marco SORMANI

Managing Partner

Co-founded the Company in January 2003. Prior to that, Marco served as Senior Manager with Corporate Value Associates where he developed an extensive experience in different industries and countries being based in London, Paris and Milan. With specific expertise in cross-border mergers and acquisitions, Marco advised clients including Barclays, Federal Express, Valéo, la Poste, Lafarge, Gruppo Poste Italiane and Ferrovie dello Stato in their strategic decisions. He was in charge of global transportation and logistics practice and held overall responsibility for business development in the Italian market. Previous to joining Corporate Value Associates, Marco served as an auditor for KPMG in Paris. Marco Sormani graduated, summa cum laude, from Bocconi University in Milan, HEC in Paris and is an alumnus of NYU Stern School of Business.

David MELLUL

Managing Director

David has responsibility over company activities and operations. David joined Varenne Capital Partners since inception and was instrumental in developing the processes, systems and procedures that implement the Varenne methodology today. More than ten years of experience within the company, firstly as Compliance Officer, then as Director of Operations, finally as Analyst and Portfolio Manager in the Merger Arbitrage team, have provided David with an in-depth knowledge of Varenne Capital Partners and all key aspects of the asset management business. David is a graduate from the Sorbonne University and holds two Master Degrees in Finance from Assas University in Paris.

Laurent DELEPINE

Head of Execution

Laurent is the Head of Trading Execution. He has more than 20 years of international experience in the Financial Markets in both London and Paris. Previous to joining Varenne Capital Partners, Laurent held similar positions at Société Générale in London, and ADI (Alternative Derivative Investments) in Paris, where he was in charge of liaising with Prime Brokers, Brokers and Administrators for long/short and multi-strategy funds with assets under management exceeding 3 billion Euros. Previous to that, he has been a trader on London’s Liffe for 10 years. Laurent holds a Degree in Economics from the Assas University.

Florent BERSANI

Analyst

Florent is part of the Tail Risk hedging team where he performs analysis and trading execution. Prior to joining Varenne, Florent served as a proprietary trader in London at Boussard & Gavaudan and BTG Pactual. Previous to that, Florent was a trader on the exotics hybrids derivatives desk of Société Générale in Paris and worked as team leader in cryptography and routing algorithms. Mr. Bersani is a graduate of the École Polytechnique in Paris, the École Nationale Supérieure des Télécommunications and has a master summa cum laude in Statistics & Finance from the University of Paris VII.

Mustapha MAMACHE

Analyst

Mustapha is in charge of analysing insider’s publicly disclosed transactions and financial analysis for both Long and Short Equity strategies. After a one-year internship, he joined Varenne Capital Partners in 2011 and has helped develop tools for screening new investment opportunities. Mustapha holds a Master  degree in Portfolio Management from the Gustave Eiffel Institute of Corporate Administration. He also studied at the Sherbrooke University in Canada.

Giacomo DE NARDIS

Analyst

Giacomo has overall responsibility over the Short Equity framework and is lead analyst for the Tail Risk Hedging strategy. Upon joining Varenne in 2010, he was key to the development of the Merger Arbitrage, Dealing of Insiders and Short Equity frameworks. After completing a term at CASS Business School in London, Giacomo obtained a Master degree in Corporate Finance and Financial Markets (summa cum laude) and, before rejoining the team in 2016, a Master in International Affairs at LUISS University, Rome, where he also served as an assistant professor.

Joachim HERMANN

Analyst

Joachim is in charge of advanced financial analysis within the Short Equity team. A graduate from the prestigious ESSEC business school, Joachim returned to Paris from two years in London at Goldman Sachs before joining Varenne Capital Partners.

Claire BROCHAND

Analyst

Claire is an analyst with a specific focus on Business Analysis within the Long Equity team. She is a graduate, with honors, from Cambridge University and Saint Louis de Gonzague in Paris. Previous to joining Varenne, Claire has gained professional experience in London as an analyst at Aberdeen Asset Management.

Bertrand VAUR

Analyst and Information Management

Bertrand is an analyst for the Merger Arbitrage strategy and in charge of the company’s Information Management. In this capacity he supervises the Info Search team. Upon arriving in 2010, he contributed actively to rolling out the Merger Arbitrage framework while developing the company’s information system, particularly the behavioural databases, fundamental screening and scoring systems and the financial analysis tools. Bertrand holds a Master in Financial Engineering and a Master in Banking & Finance from Assas University, from which he graduated top of the class.

Michaël IFRAH

Analyst

Michael is an analyst for the Merger Arbitrage strategy. Prior to joining Varenne, Michael served as a hedge fund analyst in London at Amundi, specialized in event driven and long/short equity strategies. Michael holds a Master in Financial Markets and Risk Management from the Audencia Business school.

Aliénor CAZELLES

Analyst

Aliénor Cazelles is an analyst/ fund manager with the «merger arbitrage » team. Before joining Varenne Capital, Aliénor started her professional career at G&G Private Finance in Monaco. Aliénor holds a master’s degree in financial engineering from the University Panthéon-Assas in Paris as well as a bachelors in Market Finance from the business school EDHEC in Nice. She also studied Economics at the University of Ljubljana in Slovenia.

Nicolas Vargas

Analyst

Nicolas is an analyst within the Short & Baskets. Prior to joining Varenne, Nicolas worked as a US Equity analyst at Comgest and at Natixis in the OTC Derivatives Operations. Nicolas holds a Master Grande École in Asset Management from IÉSEG and a bachelor degree in Finance and Foreign Affairs from Universidad Externado de Colombia.

Investor Relations


Franck HERVÉ

Director of Business Development

Franck is Director of Business Development. Franck brings to the Company over 15 years of experience in the asset management industry. Previous to joining the Company, he held overall responsibility for defining and executing the business development strategy at Cholet Dupont Asset Management. Before that, he served as Director of Business Development for ACOFI Gestion and ECOFI Investment (Group Crédit Coopératif) where he was appointed to the Executive Board of the Bank. Mr. Hervé started his career at Mutuelles du Mans Assurances before participating in the construction of the Financial Services for Group Carrefour. Franck is a graduate from the ISCT, Group European Business School, in Paris.

François BAZIN

Director of Business Development

François is Director of Business Development. Formerly Deputy Head of Global Sales at Société Générale Asset Management (“SGAM”), François brings to Varenne Capital Partners a track record of success of more than 20 years and supports the business development team by focusing specifically on international markets. He is based in London where he serves as a partner at Lancea Partners.

David WIERZBA

Business Development Manager

David serves as Business Development Manager in charge of the French wealth management advisors. Prior to joining Varenne Capital Partners, David gained a significant experience in the financial markets while serving as an analyst for Euroland Finance, the French brokerage firm, and Société Générale Asset Management (“SGAM”). David holds a Master degree in Finance from the ESG business school.

Isabelle VOCI

Operational Marketing

Isabelle is in charge of the Operational Marketing. Prior to joining Varenne Capital Partners, Isabelle served for more than 15 years in similar positions for Richelieu Finance, CPR AM, Financière de l’Echiquier and Banque Privée 1818. Isabelle holds a Degree in Law from Nanterre University.

Lewis MEREDITH SMITH

Investor Relations

Lewis Meredith Smith joined Varenne Capital in October 2018, as Investor Relations. Before joining Varenne Capital, Lewis managed a Smart beta and a Statistical Arbitrage find at Finaltis. Previously he worked at Calyon where he also managed arbitrage portfolios as a proprietary trader covering convertibles bonds, stocks and derivatives. Lewis started his career on the MATIF with Bank of America as a market maker. Lewis holds a Bsc Economics with Statistics form the University of Bristol and is a CFA charter holder.

Yanis KESSI

Investor Partners

Yanis Kessi as investor partners. Prior to joining Varenne Capital, he developed the clientele for advisors at Lyxor Asset Management. Yanis holds a Master degree in Wealth Management from the University of Clermont-Ferrand.

Pierre SEYDEL

Business development for Benelux

After launching his career as a portfolio manager at ING Bank, Pierre Seydel went on to be private banker at Citibank, and then at KBL. In 2004 he took over responsibility for commercial activity at Merrill Lynch IM (which became Blackrock in 2006) before becoming Head of Sales for Benelux and France in 2010. Pierre is a graduate of the ICHEC Brussels Management School and the Belgian Association of Financial Analysts (ABAF).

Compliance, Risk and Operations


Christophe AMIRAULT

Human Resources

Christophe Amirault is the Director of Human Resources, having joined Varenne Capital Partners in February 2017. He brings more than 25 years of experience to this role, having spent significant amounts of time with both Crédit Agricole and Union Financière de France. He has also worked as a consultant in the strategic management and development of human capital for small- and medium-sized companies. Christophe is a graduate of the Institut Supérieur du Commerce (ISC Paris) as well as holding a degree in French Contract Law from Arts et Métiers.

Morgan LE GUYADER

Responsable middle office

Morgan Le Guyader est Responsable Middle Office de Varenne Capital Partners. Morgan apporte une expertise significative sur les activités de middle office tant aux niveaux opérationnels et organisationnels qu’en gestion de projets. Avant de rejoindre Varenne Capital, il a travaillé chez Pro Capital Belgium puis chez Rothschild AM en tant que Middle Officer, puis Responsable des projets organisationnels et IT. Morgan est diplômé d’un Master 2 en Management des Opérations de Marchés de l’université Lyon 2.

Tawfik RIDA

Middle office

Tawfik Rida is a middle officer at Varenne Capital. Tawfiq started his career as a fund valuation officer at la Société Général Securities Services. He then pursued his career as operational support at AEP and then at Rothschild & Co Asset Management. Tawfik holds a degree in economics and management from the Paris X University Nanterre and a master’s degree in market finance, specialised in capital markets, from  the  Conservatoire National des Arts et Métiers.

Nicolas TOUZÉ

Director of Risk Management and Compliance

Nicolas is responsible for Compliance. Nicolas brings to Varenne an extensive experience of over 25 years within Société Générale where he was in charge of operational risk management for Lyxor and, previously, global client service at Société Générale Asset Management (“SGAM”). Prior to that, he served as internal control manager and, subsequently, founded and managed SGAM’s Dublin CTA subsidiary. Nicolas is a graduate from Rennes University.

Laurent CHRÉTIEN

Head of Risk Management

Laurent is in charge of Risk Management. Laurent brings over 15 years of experience acquired in the derivatives industry as a quantitative risk analyst. Formerly head of the quantitative risk studies at Exane Derivatives, he also held different positions in major institutions like Barclays Capital and Citibank, both on the trading floor and in the risk department. Laurent holds a PhD in Applied Mathematics from Claude Bernard University in Lyon.

Vincent LESAUVAGE

Directeur des systèmes d’information

Vincent Lesauvage intègre Varenne Capital Partners au début 2016, en tant que directeur des systèmes d’information. Vincent apporte à Varenne Capital plus de 20 ans d’expérience dans le développement d’outils dédiés aux gérants d’actifs acquis au sein de la Société Générale (Investment Banking et Newedge), Natixis, Meeschaert et Dexia AM. Ancien directeur général de ADI Software, filiale du gérant alternatif ADI, il est tour à tour chef de projet chez IXIS-CIB, au sein du département des risques, puis responsable d’études et développement pour la gestion privée et l’asset management de Meeschaert. Vincent est titulaire d’une maîtrise d’informatique de l’université Pierre et Marie Curie.