French regulator seeks record fine for H2O AM and decade-long ban for its chief

James Baxter-Derrington
clock • 1 min read

French regulator the Autorité des Marchés Financiers has set out recommendations against H2O Asset Management following the fallout from Lars Windhorst-linked illiquid bonds, seeking more than €90m in fines. The record amount would see the asset manager fined €75m, with co-founder and chief executive Bruno Crastes fined €15m, alongside a further €3m for chief investment officer Vincent Chailley. This comes more than two years after H2O AM suspended a trio of funds at the request of the AMF, owing to its "significant exposure" to private securities which were tied to German financier L...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?