MONEY MANAGEMENT

BNP Paribas hires 3 executives for private debt, real assets group

BNP Paribas Asset Management added three executives to its newly created private debt and real assets investment group, said a spokesman.

The group invests in syndicated loans, direct loans and private bonds that finance corporations or real assets.

Philippe Deloffre was named head of real estate debt; Karen Azoulay was named head of infrastructure debt; and Christophe Carrasco joined as head of small- and medium-sized enterprises lending.

All three positions are new. Mr. Deloffre joined from ACOFI, where he was general manager, real estate debt funds. A spokesman was not available to comment about a replacement by press time.

Ms. Azoulay joined from SCOR Global Investments, where she was head of infrastructure. A spokesman was not available to comment about a replacement by press time.

Mr. Carrasco joined from Cerea Partenaire, where he was head of private debt. A spokesman was not available to comment about a replacement by press time.

“Private debt and real assets are increasingly becoming an essential part of investors' asset allocation because they bring steady income and diversification of credit exposure. Within this area we aim to provide value to our clients through a unique ability to source assets by combining the BNP Paribas Group's origination with innovative external origination channels; a robust process based on strong credit analysis, quantitative techniques, and ESG,” David Bouchoucha, head of private debt and real assets at BNP Paribas Asset Management, said in a news release.