Key Takeaways
- • Lazard Frères Gestion appointed Emilie Brunet-Manardo as analyst/manager to its European equities team, effective May 2024, bringing 18 years of investment and financial analysis experience from prior roles at Oddo & Cie, Bpifrance, and DNCA Investments.
- • Brunet-Manardo will serve as co-manager of the Lazard Alpha Euro SRI fund alongside Stanislas Coquebert de Neuville, leveraging her specialized expertise in European large-cap equities and sustainable investing frameworks.
- • The appointment expands Lazard Frères Gestion's equity team to 14 managers/analysts, with 8 dedicated to European large-cap coverage, while the division oversees €11.5 billion in assets under management as of March 2024.
- • Brunet-Manardo's background includes sell-side equity research at Oddo & Cie (2006–2010) covering European food and beverage, mid-market private equity investing at Bpifrance (2010–2019), and equity fund management at DNCA, where she co-managed the Centifolia fund and contributed to the Eurose fund.
Summary
The appointment reflects a strategic effort to expand Lazard Frères Gestion's depth in European equity management. The equity division, which oversees €11.5 billion in assets as of March 2024, now comprises 14 managers and analysts, with eight specialists dedicated to European large-cap investment decisions. This expanded team structure aligns with the firm's positioning within the broader Lazard Group, which manages over €44.9 billion across equity, fixed income, multi-asset, and alternative strategies.
Brunet-Manardo brings substantial institutional experience spanning nearly two decades. She began her career in 2006 at Oddo & Cie as a sell-side analyst focusing on European food and beverage equities, establishing sector expertise in a complex, diversified segment. In 2010, she transitioned to buy-side investing at Bpifrance, where she served as an investment director for mid- and large-capitalization food and beverage companies until 2019. Most recently, she spent five years at DNCA Investments in equity management roles, co-managing the Centifolia fund and contributing to the Eurose fund's equity sleeve, exposure to both thematic and diversified European equity exposures.
Her appointment represents a competitive recruitment win for Lazard within continental European asset management and positions the firm to deepen its capabilities in sustainable and growth-oriented European equity strategies as institutional investors continue emphasizing ESG-integrated portfolio construction.
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