BNP Paribas Asset Management (BNPP AM) today announced the appointment of Rodolphe Brumm to head its new Low Carbon Infrastructure Equity strategy within its Private Assets investment division.
Brumm joins BNPP AM after serving as a Partner at infrastructure-focused private equity investor Antin Infrastructure Partners, where he led several energy transition-focused transactions. His previous roles include Head of Origination & Execution for Europe at UBS Infrastructure Equity in London, Advisor at NextWorld Evergreen in San Francisco and Managing Director in Ardian’s equity infrastructure team.
The new strategy, due to be launched at the beginning of 2024, will invest in low-carbon infrastructure projects in Europe through acquiring minority stakes in companies in energy transition-related areas, such as the development of renewable energy projects, transport decarbonization, circular economy and carbon capture.
Brumm will report to Karen Azoulay, Head of Real Assets within BNPP AM’s Private Assets division. He is joined by Frédéric Guiraudios, who moves to BNPP AM after around 20 years in M&A as a Managing Director at BNP Paribas Corporate & Institutional Banking.
“The appointments of Rodolphe and Frédéric further strengthen the infrastructure franchise within our Private Assets investment division at a time when client demand for this asset class continues to grow and the need for investments, particularly low-carbon investments, is considerable. The new Low Carbon Infrastructure Equity strategy will be based on the central positioning of the entire BNP Paribas Group within the financing of the energy and low-carbon transition.”