CEO of France’s FSI plans to step down

By Alexia Tye

Guest Contributor

Gilles Michel, the CEO of the FSI, will shortly step down to take up a new position in the private sector.   He looks back over what the FSI has accomplished in the short period since its creation in January 2009.

Defending what may seem to be a premature departure, he feels that since he set up the FSI under the orders of the President of the Republic – the fund was then literally himself and a mobile phone – the fund is solidly in place and has achieved much.  With a team of 30 (11 professionals plus mostly state-appointed senior management), 110 investments have been executed, and the FSI has found a firm footing in the French economic landscape.

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Alexia Tye is a Partner at AddVenture, a private equity advisory firm.

The views, opinions, positions or strategies expressed by guest contributors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of the Sovereign Wealth Fund Institute or any employee thereof.

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