Paris, June 23th 2020
Pierre-Henri Leroy, Founder and Chairman of France’s leading proxy agency Proxinvest, has sold a controlling stake to Alain Demarolle.
For 25 years, Proxinvest has been the sole independent proxy firm in France promoting effective corporate governance practices & shareholder democracy in numerous situations such as Renault, Lagardère or Casino among many others. Proxinvest is also the managing partner of ECGS, the European corporate governance service network.
Alain Demarolle has a close to 30 years global track record including 20 years on financial markets and 10 years as a French senior Government official. An Inspecteur des finances he served in the French Treasury, from 2005 to 2007 as the Economic and Financial Advisor to the Prime Minister of France and then advised the French Minister of Finance Christine Lagarde on Sovereign Wealth Funds. He held various senior financial positions in New York & London, at Salomon Smith Barney, and also as a Partner with Bear Stearns (2002- 2005) and Eton Park International a global multi strategy fund (2007-2010). He also served as Chairman of LCH Clearnet SH (2014-2016).
According to Pierre-Henri Leroy: “I welcome Alain Demarolle as the new controlling shareholder of Proxinvest. More accountability & transparency is needed by all stakeholders to ensure the financing of the real economy and of the financial sector”.
Alain Demarolle added: “It’s an honour to follow Pierre-Henri Leroy at Proxinvest. In full respect of its independence & key principles, I will endeavour to further develop Proxinvest as a key player on the French and European markets”.
Alain Demarolle has been elected today as Chairman of the Board of Proxinvest. Also joining the Board are Sonia Criseo, Regional Head World Agency France at Euler Hermes, Jean-Philippe Hottinguer Chairman of the Supervisory Board at Banque Hottinguer and Pierre Mongin Senior Advisor of Greenhill and Co, former CEO of RATP and Deputy CEO of ENGIE. Olivier de Guerre, Chairman of Phitrust and Vincent Kaufmann, Managing Director of Ethos Service SA, remain Members of the Board.
Loïc Dessaint has been confirmed as Chief Executive Officer of Proxinvest and will continue to lead the Proxinvest team.
