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The team

H2O Asset Managment LLP boasts 45 highly accomplished professionals. It includes sixteen portfolio managers, one strategist and one cash manager.

The Executive Committee

Bruno Crastes is the CEO of H2O AM. A highly regarded figure in the investment community, Bruno has been a top fund manager and fixed income specialist for over 20 years. Before setting up H2O AM he was CEO of the London office of Crédit Agricole Asset Management (CAAM) - now Amundi - and while actively managing global fixed income portfolios sat on the Executive Committee of CAAM (now Amundi) in charge of the UK, SE Asia and Australia. Bruno received a B.A. in Mathematics from the University of Lyon and graduated from ISFA (Graduate School of Actuarial Science).

Vincent Chailley is our CIO. He previously headed the Global Fixed Income and Absolute Performance team of CAAM London. Starting his career in 1995 researching capital markets, he joined CAAM the following year as an analyst before becoming an investment manager in Asset Allocation and then Global Fixed Income. Vincent Chailley is a member of the French Actuaries Institute and holds a postgraduate degree in Economics and Mathematical modeling from ENSAE. He also holds a Master of Science in Applied Mathematics from the University of Paris Dauphine.

Marc Maudhuit is the Client Portfolio Manager of H2O AM and has worked in the asset management industry for over two decades. Until 2010 he headed the product specialist team of CAAM London’s Global Fixed Income and Currency management department. Prior to this he was in charge of the marketing of Indosuez Asset Management fixed income products where he eventually ran the overall marketing support unit of the company. Marc Maudhuit is a graduate of the ESCP Europe Business School (previously ESCP-EAP). He also holds a MSFS (Master of Science in Foreign Service) from Georgetown University (Washington, D.C.).

Jean-Noel Alba is our deputy CEO and handles the day-to-day running of H2O AM. He was previously Deputy CEO and COO of Amundi London. Beginning his career as a commercial banking sales officer of Banque Worms in 1983, Jean-Noel became Deputy Head of their Capital Corporation in New York before eventually heading the bank’s trading activities. He then moved to Elf Aquatine where he was appointed CEO of Sofax and Elf Finance. Jean-Noel graduated from IEP Paris.

Loïc Guilloux has in-depth experience in Global Macro, Asset/Liability Management, Investment Solutions and in Financial Regulations which he gained during a 22 year career in the Global Markets industry (FICC and Equities), including the last 16 years at Merrill Lynch International, based in London and Paris, where he ran several activities (Asset/Liability & Investment Solutions for Global Equities in Europe, FICC for Belgium-France-Luxembourg, Complex Interest Rates & Forex Options Sales in EMEA, SVT mandate…). The 6 prior years he was at Crédit Agricole Indosuez where, at the end of his tenure, he was deputy Head of Fixed Income sales. Previously he served as forward observation officer at 35° Régiment Parachutiste and platoon commander at 6° Bataillon d’Infanterie de Marine (Gabon). Loïc Guilloux graduated from Institut d’Etudes Politiques de Paris and holds a DEA de Gestion from La Sorbonne and a Maîtrise d’Economie Appliquée from Paris-Dauphine.

Jean-Christophe Morandeau began his career in 1988 as a wealth manager at Paribas Bank. He then joined Paribas Asset Management as the Head of Legal Department for French UCITS in 1992. In 1999 he joined Credit Agricole Asset Management as the Legal Head of Products & Corporate-France and in 2004 became the Deputy Head of Legal and Fiscal Department. Jean-Christophe Morandeau joined Natixis Asset Management in 2008 as the General Counsel. He was promoted to the Head of Legal, Monitoring (compliance and internal control) and Risk in November 2014 and became a member of the Executive Committee in February 2015. Jean-Christophe joined H2O in January 2019 as the Global Head of Legal and Compliance and Deputy CEO of H2O AM EUROPE.

The investment management team

Loic Cadiou is a senior fund manager and partner at H2O AM. Previously he’s worked as part of a Macroeconomic Modelling think tank and senior researcher on international economics. Before joining H2O AM in 2010 he was an investment manager of emerging debt, global bond and absolute return portfolios at CAAM. Loïc Cadiou holds a postgraduate degree in Economics and Statistics from ENSAE (Paris Graduate School of Economics, Statistics and Finance), and a Master’s Degree in Analysis and Economic Policy from EHESS (Paris Graduate School of Social Sciences.)

Jérémy Touboul is an investment manager at H2O AM specialising in trading and chart analysis. Previously at CAAM where he was a derivatives trader before becoming an investment manager. Jeremy graduated from the University of Nice with a Bachelor’s Degree in economics. He also holds a Master’s Degree in finance from University of Nice - John Molson School of Business (Concordia University, Montreal).

Gonzague Legoff is a specialist in portfolio management at H2O AM. He joined us as a partner in November 2010. Previously he was the portfolio manager for International Equity Funds at CAAM. Gonzague graduated from ‘Ecole supérieure d’électricité’(SUPELEC).

Stéphane Gaillard started his career in 1997 at Credit Commercial de France in the risk department of the Capital market activities, where he implemented the VaR (Value at Risk) concept. He then moved to the options trading desk until 2000. He was then in charge of the options for Alcatel then Natixis in London from 2007, where he headed the Forex options department, including commodities until 2010. From August 2010, he was in charge of the flow and euro exotic option book at Nomura in London, and in 2013 he was promoted MD in charge of the emerging market options book. Stéphane holds a Master in Mathematics and financial capital markets from the Grenoble University. Stéphane is senior portfolio manager and a partner at H2O AM.

Carlos Daurignac began his career in 1989 at Banque Indosuez. He specialised in foreign exchange during the EMU/euro convergence process and subsequently in emerging market currencies. In 2003 Carlos joined Brevan Howard AM as a research analyst focussing on tactical trading strategies as well as global macro themes, becoming partner in 2007. Over the past 4 years Carlos developed “alpha enigma “ a data driven process used in the analysis of macro trends and market timing. Carlos holds a Master degree from the European Business School in Paris.

Thomas Delabre started his career in 2000 as Junior Economist at the French Embassy in India. In 2002, he joined the Economic Resarch Department of Credit Lyonnais (now Credit Agricole SA) as a Country Risk Analyst covering Latin America. In 2005, he moved tyo Credit Agricole AM (now Amundi AM) as a Global Emerging Markets Strategist and joinded the London office in 2007. He was then appointed EM Portfolio Manager in at the end 2009. Thomas joined H2O AM LPP in October 2014 as an Emerging Markets PM. Thomas holds a Master Degree in Finance from The American University (Washington DC, 1999) and a Post-Master in Economics from Toulouse School of Economics (1998).

Christophe Chappuis started his career in 2005 at CAAM (now Amundi) in London as a Middle Office Assistant. He was appointed Cash Manager in 2006 and then Portfolio Manager within the Absolute Return team in 2010. In 2013, he joined the New York office to implement the global aggregate strategy for US clients. Christophe joined H2O AM LPP in October 2014 as an Equity PM. He holds a MSc in Finance and Corporate Strategy from Napier University (Edinburgh).

Juliette Pianko began her carrier in 2004 within the Middle Office department of Credit Agricole Asset Management (which became Amundi in 2010) in London. She became Head of the Middle office in 2005, managing a team of 10 people in charge of trade support and reconciliations. Juliette has worked on various operational projects from collateral management to implementation of booking/ clearing systems. She was also responsible for the operational on boarding of new portfolios. Juliette joined H2O Asset Management in May 2011 as treasury manager. She became a Portfolio manager in September 2014. Juliette holds a Master’s degree in Finance from Paris 1 Sorbonne University.

Tim Consigny began his career in 2009 within the Research & Development Department of OpenTrust in Paris where he developed applications in C# and VB.Net. He then studied at UCL (University College of London) in 2010 and worked in partnership with Citigroup on exotic options with self-pricing representation of financial contracts in F#. Timothée Consigny joined H2O as a quantitative analyst in September 2010. He specialises in portfolio optimisation and front office tools development. Timothée Consigny holds an electrical engineering degree from Ecole Supérieure d’Electricité (SUPELEC) and an MSc in Financial Systems Engineering from UCL.

Philippine Watteaux joined H2O AM in 2011 as an intern under the supervision of Jean-Noel Alba. After graduating in 2012, Philippine joined H2O AM on a full time basis as a risk analyst. She was part of the risk management team, where she specialised in global fixed income and global macro portfolio risk control, and risk control tools development. In September 2014 Philippine became a portfolio manager specialising in market volatility and in the corresponding options strategies. Philippine holds a Bsc in Mathematics from Imperial College.

Pascal Dubreuil started his career in 1998 as auditor for Arthur Andersen and for KPMG in 1999. In 2001, he joined Crédit Agricole CIB as structured finance risk analyst. First credit analyst for Crédit Agricole AM (now Amundi) from 2004 and based in London from 2006, Pascal is then in charge of the credit analysis in the office of Singapore from 2007 to 2009. In 2010, Pascal is appointed portfolio manager to develop Global Aggregate and Global Corporate funds in London. Pascal joined H2O AM LLP in June 2015. Pascal holds a Post-Master Degree in Finance from the University of Paris II (1998).

The Client Portfolio Management Team

Matthieu Genessay started his career with NewAlpha Asset Management, the hedge fund seeding subsidiary of OFI Asset Management in Paris. Within the marketing team, he worked on all alternative strategies before specialising in client servicing. In 2010, he joined Edmond de Rothschild Investment Managers, a subsidiary of La Compagnie Financière Edmond de Rothschild as a Product Manager and worked on fixed income and multi-management products. In August 2011, he joined H2O Asset Management in the Client Portfolio Management team.
Matthieu Genessay is a graduate of EDHEC Business School.

Cyril Beriot started his career in Chicago in 1990 trading currency options on the CME for Société Générale group.
After spending 4 years in Chicago he moved to France to develop the currency option market making operation on the MATIF. He then moved to SG head office to Head the European currency options market making. After 13 years of trading FX options and futures, Cyril moved to London to become Managing Director and Head of FX European sales and trading for SG. In 2010, Cyril joined Citibank as a Managing Director. Cyril joined H2O AM in 2013 as Head of Managed Accounts. Cyril is graduated from a French business school, ISG Group.

Marine Duverger started her career at SGCIB Newedge, in London, where she spent two and a half years as an analyst in Prime Brokerage sales, covering European Hedge Funds and CTAs. Marine joined H2O’s Client Portfolio Management team in February 2015, providing daily support to NGAM’s Business Development Units. Marine holds a Master’s Degree in Business Management from the IESEG School of Management in Lille, France. She speaks French, as well as fluent English and Portuguese.