A long-term investor and driving force behind transitions, the French Fonds Stratégique de Participations (FSP) announces the appointment of Stéphane Dedeyan, Chief Executive Officer of CNP Assurances, as Chairman of FSP.
Stéphane Dedeyan will be replacing Pierre de Villeneuve, who held this position for three years as a representative of BNP Paribas Cardif.
Founded in 2013, the Fonds Stratégique de Participations (FSP), managed by ISALT, acquires significant and long-term shareholdings in French companies while taking part in corporate governance as a member of their Boards of Directors. Its mission is to support the growth of French companies that stand out as leaders in their respective industries, all driven by strategies centred on innovation and promising, high-potential markets.
With seven major insurers acting as shareholders and directors, FSP is unique among private funds in France for its capacity to mobilise significant and long-term capital investments for each transaction.
Stéphane Dedeyan stated: “I am very gratified by this appointment as Chairman of FSP, a truly exceptional player in the Paris financial marketplace and I would like to thank Pierre de Villeneuve for all the work he has done in the past three years. Boasting a high-quality portfolio and constructive participation in the governance of its holdings, FSP will continue actively championing the transformation of French companies, as well as their pursuit of innovation, with a view to achieving more sustainable growth and a more competitive economy for the country as a whole”.
As Chairman, Stéphane Dedeyan will work with a Board featuring several new members. The current FSP Board of Directors is made up of:
- Philippe Perret as permanent representative of Société Générale Assurances
- Renaud Dumora as permanent representative of BNP Paris Cardif
- Philippe Dumont as permanent representative of Crédit Agricole Assurances
- Thierry Martel as permanent representative of Groupama
- François Codet as permanent representative of BPCE Assurances
- Julien Carmora as permanent representative of Suravenir
A graduate of HEC, the Institut des Actuaires Français and the INSEAD AVIRA Programme, Stéphane Dedeyan has served as Chief Executive Officer of CNP Assurances since 16 April 2021. He started his career as a consultant with Eurosept and later AT Kearney. In 1996, he joined Athéna Assurances, where he was in charge of building up the CARENE captive brokerage centre, subsequently incorporated into AGF Group/Allianz. He joined Generali in 1999 as an Occupational Risk Inspector at Generali Proximité, successively appointed as Head of Businesses and Partnerships, Sales Director, and finally Deputy CEO. In 2006, he became Chief Executive Officer of Generali Patrimoine and a member of the Executive Committee of Generali France. From January 2014 to December 2017, he served as Deputy CEO of Generali France in charge of all insurance activities. During the same period, from 2011 to 2017, he chaired the Personal Insurance Committee of FFA (Fédération Française de l’Assurance, today France Assureurs). In October 2018, he joined VYV Group, where he was appointed Chief Executive Officer in February 2019.