Carmignac Gestion, the Paris-based, €55bn-plus investment house, has promoted Giorgio Ventura, to head of its global sales operations, succeeding Davide Fragonese, who has left the company.
Fragonese had held the role of global head of sales for 12 years. He was also a member of the Carmignac Gestion board.
Ventura, pictured left, has been head of sales for the company’s Italian operations since 2012, and is also a member of the company’s strategic development committee, according to a statement announcing his appointment.
Prior to joining Carmignac in 2012, he had been in sales with Eurizon Capital Sgr, the asset management company of the Intesa Sanpaolo Group. Before that, he was an executive director with Lehman Brothers. He began his career as a trader with Caboto Securities.
Carmignac general manager Eric Helderlé said Ventura’s five-plus years with the company and deep understanding of Carmignac’s culture made him well-suited for his new, “strategic role”.
Carmignac Gestion was founded in 1989 by Édouard Carmignac, a Frenchman who obtained an MBA from New York’s Columbia Business School after receiving an economics degree from the University of Paris. Today the privately-held Carmignac is one of France’s largest asset managers.