Presentation of our European Mid Cap Strategy "Oddo Avenir Europe"

1. EUROPEAN MID AND SMALL CAP FUNDS
Oddo Avenir Europe  Morningstar®
Sébastien MAILLARD – Analyst portfolio manager May 2010
Eric SIMONNET – Institutional Sales Benelux
Bertrand LEVAVASSEUR – Head of International Sales

2. One investment philosophy, one investment process, one mission
« Investing in tomorrow’s best companies »
 Mid Cap: Already structured companies, billion euros market capitalisations (weighted average market
cap above €3bn)
 Value creators on the whole cycle: self-financing growth, preserved profitability and self-financing even
in recession times, whatever the sector
 International companies: tomorrow’s global leaders, capturing growth where it is
 Risk/Return optimisation: avoid individual appreciation bias, avoid mistakes and if any, limit capital loss
risk
 No style bias, no macroeconomic bets: but a structural underweighting of non-value creator sectors
and/or purely domestic businesses versus a structural overweighting on sectors with numerous attractive
investment opportunities
 One team, one mission: a stable management team with high team spirit, united for the past 7 years ;
one mission, our client capital’s growth
2

3. Who are we ?
« Investing in tomorrow’s best companies »
One of the longest  Oddo AM: a recognized know-how in Mid Cap with a 18-year track record for Oddo
track record in the Avenir and a 11-year track record for Oddo Avenir Europe
market
 A stable management team with high team spirit, in charge of the funds for more
than 7 years
 Over €1,716m assets under management
A sound offer  3 open-ended funds (€1,225m of AuM): Oddo Avenir Europe (Pan-Europe), Oddo
Avenir Euro (Euro zone), Oddo Avenir (70% French equities)
 Dedicated funds and mandates (€491m of AuM)
Source: Oddo AM. Data as of 04/30/2010
3

4. Contents
1 Performance: Oddo Avenir Europe 4
2 Philosophy 9
3 People 14
4 Process 16
5 Product 25
Appendices
4

5. 1. Oddo Avenir Europe
A strategy designed to deliver alpha
5

6. Oddo Avenir Europe, performing since inception
A continuous value creation
Oddo Avenir Europe since inception (05/25/99): Jensen’s alpha* of 3.21%
300
250 Oddo Avenir Europe
+ 148.8%
200 Benchmark index:
HSBC Small Cap Europe
(total return)
150 + 88.6%
DJ Stoxx 50 (as information)
100
(net total return)
- 6.3%
50
0
may-99 may-00 may-01 may-02 may-03 may-04 may-05 may-06 may-07 may-08 may-09
*Jensen’s alpha determines the excess return of a fund over its theoretical risk-adjusted return. A positive (negative) Jensen’s alpha reading
indicates performance that is higher (lower) than normal. It measures the ability to create value by being able to detect securities that return
more over a given time period than their risk profile would suggest.
Past performance is not a reliable indication of future returns and is not constant over time
Source: Oddo AM. Data as of 04/30/2010
6

7. Oddo Avenir Europe, performing since 01/01/04
A continuous value creation
Oddo Avenir Europe since 01/01/04: Jensen’s alpha of 4.84%
260
240
220
Oddo Avenir Europe
+ 124.4%
200
180 Benchmark index:
HSBC Small Cap Europe
160 (total return)
+ 83.2%
140
120 DJ Stoxx 50 (as information)
(net total return)
100 + 16.4%
80
60
40
jan.-04 july-04 jan.-05 july-05 jan.-06 july-06 jan.-07 july-07 jan.-08 july-08 jan.-09 july-09 jan.-10
Past performance is not a reliable indication of future returns and is not constant over time
Source: Oddo AM. Data as of 04/30/2010
7

8. 2. Philosophy
Focus on value creators, delivering high Return on Capital Employed
8

9. Value creators
The right fuel to finance growth
Construction: Lafarge vs Sika (Total return, EUR)
1400
1200
Sika + 1011%
1000
800
600
400 DJ Stoxx 600 + 322%
Lafarge + 160%
200
0
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Past performance is not a reliable indication of future returns and is not constant over time
Source: Datastream. Data as of 03/31/2010
9

10. Value creators
Where to find them ?
Consumer Cyclical: British Airways vs Kuehne Nagel (Total return, EUR)
3000
2500 Kuehne Nagel + 2330%
2000
1500
1000
500
DJ Stoxx 600 + 193%
British Airways - 25%
0
may-94 may-96 may-98 may-00 may-02 may-04 may-06 may-08
Past performance is not a reliable indication of future returns and is not constant over time
Source: Datastream. Data as of 03/31/2010
10

11. Value creators
Bubbles and long term changes
Consumer Non Cyclical: Carrefour vs Nestlé (Total return, EUR)
1400
Nestlé + 1220%
1200
1000
800
600
Carrefour + 363%
400
DJ Stoxx 600 + 322%
200
0
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Past performance is not a reliable indication of future returns and is not constant over time
Source: Datastream. Data as of 03/31/2010
11

12. Value creators
Bubbles and accidents
Capital Expenditure: Ericsson vs Volvo (Total return, EUR)
5000
4500
4000
3500
3000
2500
2000
1500
1000 Volvo + 782%
500 DJ Stoxx 600 + 322%
Ericsson + 322%
0
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Past performance is not a reliable indication of future returns and is not constant over time
Source: Datastream. Data as of 03/31/2010
12

13. Do not mistake growth and value creation
Market performance for Europe vs Asie Emergente over 20 years in $
500 700
Emerging Asia European Union MSCI Asie ex Japon (TR) MSCI Europe (TR)
450
Average GDP : 7.6% Average GDP : 1.8% 600
400
350 500
300
400
250
300
200
150
200
100
100
50
0 0
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009
GDP, base 100 in 1990 MSCI indices per area
Sources : Bloomberg, Factset. Data as of 03/31/2010
13

14. Oddo Avenir Europe vs MSCI Emerging Countries
A continuous value creation
Oddo Avenir Europe since inception (05/25/99)
300
Oddo Avenir Europe
250
+ 144.1%
MSCI Asie ex Japon (for information)
200 (EUR, total return)
+ 92.4%
Benchmark index :
HSBC Small Cap Europe
150 (total return)
+ 85.0%
MSCI Europe (for information)
100
(EUR, total return)
+ 12.7%
50
0
may-99 may-00 may-01 may-02 may-03 may-04 may-05 may-06 may-07 may-08 may-09
Past performance is not a reliable indication of future returns and is not constant over time
Sources : Oddo AM, Datastream. Data as of 03/31/2010
14

15. Oddo Avenir Europe vs MSCI Emerging Countries
A continuous value creation
Oddo Avenir Europe since 01/01/04
260
240
Oddo Avenir Europe
+ 120.2%
220
MSCI Asie ex Japon (for information)
200 (EUR, total return)
+ 112.2%
180 Benchmark index :
HSBC Small Cap Europe
160 (total return)
+ 79.7%
140
MSCI Europe (for information)
120
(EUR, total return)
+ 38.6%
100
80
60
40
jan.-04 july-04 jan.-05 july-05 jan.-06 july-06 jan.-07 july-07 jan.-08 july-08 jan.-09 july-09 jan.-10
Past performance is not a reliable indication of future returns and is not constant over time
Sources : Oddo AM, Datastream. Data as of 03/31/2010
15

16. 3. People
A stable and united committed team
16

17. A stable and united team, collective investment decisions, shared values
An experienced team in charge of the funds since July 2003
Investment
Role experience
Grégory Deschamps Analyst-portfolio manager 17 ans
Sébastien Maillard Analyst-portfolio manager 7 ans
Pascal Riégis Analyst-portfolio manager 22 ans
Maryse Sauvageot Assistant manager 20 ans
17

18. 4. Process
Picking value creators offering an attractive risk/return profile, while controlling
liquidity and volatility
18

19. Bottom-up investment process
A rigorous four steps investment process
Portfolio construction
Quantitative filter Fundamental analysis Valuation
and management
Valuation of companies on which
Universe of European Small and Qualitative analysis of each Investment rules and
the management team has a
Mid Cap stocks company risk management
positive fundamental opinion
Determination of buy and sell Concentrated portfolio (around 40
Fundamental opinion on each target price lines) composed of managers
Reducing investment universe
stock strongest convictions
Selection of stocks
19

20. Key points
“Identify tomorrow’s best companies”
Mid Cap Already structured companies, with leadership position on their market, billion euros
market capitalisations (weighted average market cap above €3bn)
Value creators on the Companies able to preserve fair profitability and to finance their own long term
whole cycle development even in recession times
International Tomorrow’s global leaders, capturing growth where it is
development
Solid growth Companies built on a strong and understandable business model, offering organic
perspectives development perspectives, with small acquisition at a good price
Performing companies, pure players in one business line and with strong management
A solid and tested
teams
management
20

21. Rolls Royce : a world leader on a protected and buoyant market
3 investment cases
Market capitalisation : €12.4Bn (£ 11Bn)
Mid Cap
1990 – 2009, result of an industrial will: Turnover x 3, number of shares x 2, EPS x 10
Value creators on the Turnover : 60%, recurring. Order book : 52 Md£, amounts 5 times its turnover. Recent
whole cycle installed base.
Growth of results in 2009 and 2010
International World coleader for civilian and military planes engines (GE, Safran, P&W) and boats
development 40% of the orders are coming from emerging countries
Solid growth Entrance barriers : no new entrant in this market
perspectives Leader for long-haul’s engines, the more buoyant market
Powers the A380 (RR or GE+P&W) and the B787 (RR ou GE)
A solid and tested
Sir John Rose joined Rolls Royce in 1984, CEO since 1996
management
Andrew Shilston joined Rolls Royce in 2002, CFO and member of the Board since 2003
21

22. Fresenius SE : an international group in human healthcare
3 investment cases
Market capitalisation : €9Bn
Mid Cap
1990 - 2009 : turnover x 30, number of shares x 2.2, EPS x 30
Value creators on the
whole cycle Growth of results in 2009 and 2010
Constitution of an international group, based on R&D and a long term strategy
International World leader in equipments and dialyse centers (FMC owned by 36%), among world
development leaders of clinic nutrition (Kabi) of injected generics medicine (APP), coleader in hospital
management in Germany (Helios)
Solid growth Present on buoyant markets
perspectives Implementation of commercial synergies between Kabi and APP
Ulf Schneider, joined Fresenius SE in 2001, Chairman of the Board since 2003
A solid and tested
management Ben Lipps, joined Fresenius Medical Care in 1985, CEO since 1999
Rainer Baule, joined Fresenius Kabi in 1997, CEO since 2001
22

23. Aryzta : world leader in industrial bread
3 investment cases
Market capitalisation of €2.5Bn
Mid Cap
1991-2009 : turnover x 6.5, number of shares remains stable (+20%), EPS x 19
Value creators on the
2009 : Strong resilience of the operating income despite a strong decrease of the turnover
whole cycle
ROCE above 30%
International World leader in industrial bread
development Turnover : 66% in Europe, 32% in North America, 2% Rest of the world
Regular and relutive acquisitions
Solid growth
perspectives A developing market thanks to an increasing outsourcing
Local acquisitions opportunities still important
A solid and tested Owen Killian joined Aryzta in 1977, CEO since 2003
management
Patrick McEniff joined Cuisine de France (Aryzta) in 1989, CFO since 2004
23

24. Top 10 holdings
International companies, with leadership positions, profitable and performing
Oddo Avenir Europe
Main holdings Weight in the
portfolio
Rolls-Royce 5.4%
Fresenius 5.0%
Dassault Systèmes 4.0%
Imtech 3.9%
Aryzta 3.8%
Michael Page International 3.8%
Sodexo 3.8%
Skf 3.8%
Sika 3.5%
Wincor Nixdorf 3.5%
Total top 10 holdings 40.6%
Source: Oddo AM. Data as of 04/30/2010
24

25. Mid Cap : weighted average market cap above €3Bn
A controlled level of cash
Oddo Avenir Europe
Weighted average
market capitalisation 3 400
(in €m)
Market capitalisations < €1000m
(% of AuM) 9%
Market capitalisations between
€1000m and €5000m 57%
(% of AuM)
Market capitalisations > €5000m
(% of AuM) 25%
 Never more than 6% of the AuM for one position
 Never more than 5% of the capital of a company (for all funds managed by Oddo AM)
 About 10% liquidity position in the open-ended funds
Source: Oddo AM. Data as of 05/04/2010
25

26. Value creators on the whole cycle
Compared ROE between Oddo Avenir Europe and DJ Stoxx 600
25%
19.8%
20%
16.3%
15.1%
15%
14.5%
12.0%
10%
9.4%
5%
0%
2007 2009 2010e
Oddo Avenir Europe DJ Stoxx 600
Sources: Oddo AM, Oddo Securities base Factset. Data as of 03/31/2010
26

27. Value creators on the whole cycle
Return On Capital Employed post tax and free cash flow yield* of the portfolio main holdings
10%
8%
Arcadis
Seb Wincor Nixdorf
Aryzta Software AG
Imtech Ingenico
Sodexo
Free Cash Flow Yield*
6% Legrand
Sika Moyenne
Rolls Royce Dassault Systèmes
4% Biomérieux
Safran Fresenius
Ipsen
2%
0%
12%
Michael Page
-2%
ROCE post tax 2010e
* Free Cash Flow Yield = Free Cash Flow per Share / Current Market Price per Share
Source: Oddo AM. Data as of 31/03/2010
27

28. International companies
75% of their activity outside of their local market
Rest of the world 20%
Americas 25%
Rest of Europe 30%
Local market 25%
% of turnover
Source : Oddo AM. Data as of 03/31/2010
28

29. Risk/return optimisation
Controlled volatility
160
 One “obsession”: limit the capital loss risk
140
Best Case Scenario
120 + 40%
 A strict buy and sell discipline
100
Price (€)
 Valuation through in-house DCF models: 80
“best case” scenario vs. “worst case”
scenario 60
Investment decision 60€
40
20
Worst Case Scenario
- 20%
0
29

30. Risk / Return optimisation : among « defensives »
October 2009 : Disposal of Beiersdorf, investment in Fresenius SE
Beiersdorf at €40
 +20% upside 170
Fresenius SE
 -10% downside 160
 20x PE 2010 150
140
130
ARBITRAGE
Fresenius SE at €35 120
 +55% upside 110
 0% downside Beiersdorf
100
 10x PE 2010
90
80
70
march-09 apr.-09 may-09 june-09 july-09 aug.-09 sept.-09 oct.-09 nov.-09 dec.-09 jan.-10 feb.-10 march-10
Past performance is not a reliable indication of future returns and is not constant over time
Source : Datastream. Data as of 04/02/2010
30

31. Risk / Return optimisation : among « cyclicals »
June 2009 : Disposal of Kuka, investment in Legrand and Sika
270
Kuka at €12.5
 +25% upside 250
 -55% downside
230
 n.s. PE 2010
210
190
Legrand at €15 170
Legrand
 +30% upside ARBITRAGE
Sika
 0% downside 150
 13x PE 2010 130
110
Sika at CHF 1150
Kuka
 +50% upside 90
 0% downside 70
 12.5x PE 2010
50
nov.-07 feb.-08 may-08 aug.-08 nov.-08 feb.-09 may-09 aug.-09 nov.-09 feb.-10
Past performance is not a reliable indication of future returns and is not constant over time
Source : Datastream. Data as of 04/02/2010
31

32. No theme bias, no macroeconomic bets
But strong disparities between sectors
Oddo Avenir Europe
Cash
Oil & gas
10%
2%
Base materials
3% Industrials
Financials 34%
3%
Consumer goods
9%
Consumer services
10%
Health Technology
11% 18%
Source: Oddo AM. Data as of 04/30/2010
32

33. 5. Products
3 funds with consistent performance over the long term
33

34. Funds details
3 funds based on a common investment process and management team
Oddo Avenir Europe
Geographical
Europe
coverage
AuM at 04/30/10 €651M
Benchmark index HSBC Small Cap Europe

Sources: Oddo AM, © 2010 Morningstar, Europerformance-Edhec. Data as of 04/30/2010
34

35. Geographic breakdowns
Oddo Avenir Europe
Cash 9.20%
Others 3.30% Germany 20.60%
Ireland 2.10%
Austria 2.40%
Greece 3.30%
Sw eden 5.30%
Holland 7.20%
France 20.20%
United Kingdom 12.60%
Sw itzerland 13.30%
35

36. Oddo Avenir Europe
Cumulative performance since inception (05/25/1999)
Oddo Avenir Europe: + 148.8%
Benchmark index: HSBC Small Cap Europe (total return): + 88.6%
As information, DJ Stoxx 50 (net total return): - 6.2%
YTD 1 year 3 years 5 years Annualised volatility/return since inception
(05/25/1999)
12% Oddo Avenir
Oddo Avenir Europe + 12.6% + 54.2% - 4.7% + 68.1% Europe
(  )
8% + 8.7%
Annualised return in %
Ranking 10 / 100 3 / 100 5 / 100 9 / 100
HSBC Small
4%
Cap Europe
Benchmark index: dividendes
HSBC Small Cap Europe + 10.8% + 49.2% - 27.1% + 38.3% 0%
réinvestis
DJ Stoxx 50
+ 6.0%
(total return) dividendes
réinvestis
-4%
DJ Stoxx 50 - 0.6%
- 0.8% + 29.4% - 26.9% + 5.6%
(net total return)
-8%
Morningstar® average + 7.0% + 37.9% - 26.9% + 28.7% -12%
European Mid Cap funds 16% 18% 20% 22% 24% 26%
Annualised volatility in %
Past performance is not a reliable indication of future returns and is not constant over time
Sources: © 2010 Morningstar, Oddo AM. Data as of 04/30/2010
36

37. Detailed characteristics
Fund name Oddo Avenir Europe
Legal status French regulated mutual fund
Classification International equity fund
Share A share : FR0000974149
ISIN codes
Share B share : FR0010251108
Inception date 05/25/1999
Minimum investment period 5 years
Benchmark index HSBC Small Cap Europe total return
Management company Oddo Asset Management
Custodian Oddo & Cie
Initial Minimum Share A share : 1 thousandth share
subscription Share B share : €1,000,000
4% ATI max of the AuM not allocated to
Subscription fees
the fund
Redemption fees Nil
Management Share A share: 2.00% ATI
fees Share B share: 1.00% ATI
A share: 20% of the outperformance
Share relative to the benchmark index if the
Performance fund performance is positive
fees B share: 20% of the outperformance
Share relative to the benchmark index if the
fund performance is positive
*C : capitalisation
D : distribution
37

38. Oddo Avenir Europe –
Risk profile (1/2)
Risk of loss of capital: The Fund has no guarantee or safeguard, so initial capital invested might not be returned in full.
Equity risk: The Fund is invested, directly or indirectly, in one or more equity markets which could experience significant
fluctuations. In periods of low equity prices, Fund net asset value could be reduced. The fund has a 100% max exposure to equity
markets.
Risk from holding small and mid capitalisation stocks: The Fund may be exposed to small and mid capitalisations. Upward
and downward changes in these stocks can be both more marked and more rapid than for large capitalisations and can therefore
lead to large fluctuations in net asset value. Moreover the restricted volume on these markets may present a liquidity risk. This
type of investment may impact the valuation of the Fund and the price terms on which the Fund could liquidate its positions, and
particularly, in the case of large redemptions, even make it impossible to sell them, with the consequent possible fall in Fund net
asset value.
Interest rate risk: This is the risk that bond market yields may rise, which would result in a fall in bond prices, and consequently
lead to a fall in Fund net asset value. The fund can hold up to 25 % of its asset in bonds or in euro denominated debt securities.
38

39. Oddo Avenir Europe –
Risk profile (2/2)
Credit risk: This is the risk of potential deterioration in the rating of an issuer or, in extreme cases, of default, which would have an
adverse impact on the prices of the debt securities issued by that issuer and therefore on the net asset value of the Fund, which
could lead to a loss of capital. The level of credit risk varies according to forecasts, maturities and the level of confidence in each
issuer which might reduce the liquidity of any particular issuer and have an adverse impact on Fund net asset value, particularly in
the case of the Fund liquidating its positions in a market with low transaction volumes.
Discretionary management risk: This risk relates to the management style which is based on anticipating movements on the
various markets. There is a risk that at any point in time the Fund would not be invested in the best performing markets or in the
best performing assets. Fund performance therefore depends on the ability of the fund manager to anticipate movements in the
market or in the securities. This risk may lead to a fall in net asset value and/or a loss of capital for the unitholder.
Counterparty risk: This is the risk of default by a counterparty leading to payment default. The Fund may be exposed to
counterparty risk through using forward instruments negotiated over-the-counter with financial institutions. The Fund is therefore
exposed to the risk that one of these credit institutions cannot honour its commitments in respect of these transactions.
Exchange rate risk: This risk affects portfolios invested wholly or partly in securities denominated in foreign currencies, and
arises from changes in the parities of these currencies by comparison to the fund reference currency. Thus, a security, the value of
which in its own currency does not change, could nevertheless be affected by fluctuations in that currency against the euro and
might therefore cause Fund net asset value to fall. This risk is limited up to 30% max of the total asset of the Fund.
Please note that the exchange rate risk is of secondary importance for Oddo Avenir and Oddo Avenir Euro.
39

40. Disclaimer:
This document has been drawn up by Oddo Asset Management. Its communication to any investor is the responsibility of each
promoter, distributor or advisor. It was designed for information purposes alone and does not constitute an offer or a
personalised recommendation or a solicitation to subscribe to the product mentioned.
However, should investors decide to subscribe, they undertake to consult the fund’s prospectus in order to acquaint themselves
with the precise nature of any risks incurred and in particular the risk of capital loss and, where relevant, the liquidity risk of
underlying assets. The investment must be made in accordance with investors’ investment objectives, their investment horizon
and their capacity to deal with the risk arising from the transaction.
Any simulations and opinions presented in this document result from analysis carried out by Oddo Asset Management at a
particular point in time and are no indication whatsoever of future results.
Investors are reminded that past performance is not a reliable indication of future returns and is not constant over time.
Legal information concerning this fund, notably the full and simplified prospectuses, is available from Oddo Asset Management
or its internet site www.oddoam.fr.
Investor’s attention is drawn on the fact that mentioned funds and related legal documents have been accredited and regulated
by the French securities regulator (AMF). All the mentioned funds funds are entitled to be sold in France, and for Oddo Avenir
Europe in Spain and Switzerland.
Oddo Asset Management
Portfolio management company constituted in the form of a french société anonyme with a capital of €2 102 800.
Company house number: RCS 340 902 857 Paris.
Licensed by the Autorité des Marchés Financiers (French financial markets authority) under number GP 99011
12 boulevard de la Madeleine – 75440 Paris Cedex 09 FRANCE
Phone: 33 (0)1 44 51 85 00 – www.oddoam.fr
40

41. Appendices
41

42. An expected resilient Return On Equity
DJ Stoxx 600 ROE: the crisis impact
20.0%
17.0%
16.3% 16.2%
16.0%
15.5%
13.2% 13.1% 13.0%
12.6%
12.0%
12.0%
10.3%
9.7% 9.4%
8.0%
4.0%
0.0%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010e
Source: Oddo AM. Data as of 03/31/2010
42

43. Oddo Avenir Europe
Annual performance
2009 2008 2007 2006 2005 2004
Oddo Avenir Europe + 42.6% - 39.5% + 8.0% + 31.3% + 31.1% + 24.2%
Ranking 8 / 100 24 / 100 5 / 100 4 / 100 14 / 100 4 / 100
Benchmark index:
HSBC Small Cap Europe + 59.1% - 51.3% - 5.8% + 32.8% + 37.2% + 24.2%
(total return)
DJ Stoxx 50 + 28.7% - 41.2% + 2.6% + 13.6% + 24.2% + 7.1%
(net total return)
Average of European Large and Mid Cap + 30.1% - 42.8% + 0.9% + 19.2% + 26.1% + 11.9%
funds*
*GIFS Category (Global Investment Funds Sectors)
Past performance is not a reliable indication of future returns and is not constant over time
Sources: © 2010 Morningstar, Oddo AM
43

44. Assets under management with an institutional size
AuM of Oddo AM European Mid and Small Cap funds (in €m)
2 000
1 800 1 717
1 600
1 400 1 303 1 321
1 250
1 200
1 000 940
800 677
600
472
400
200
0
2004 2005 2006 2007 2008 2009 2010
Source: Oddo AM. Data as of 04/30/2010
44

45. Biography of the team members
Grégory DESCHAMPS - Analyst-Portfolio manager, Mid Cap equities
A graduate of HEC Paris and the SFAF, Grégory DESCHAMPS joined Oddo Securities in 1992 as a
sell-side analyst and vice head of equities research. Since early 2007, he has joined the Oddo AM
teams as an analyst-portfolio manager for Mid Cap equities
Sébastien MAILLARD - Analyst-Portfolio manager, Mid Cap equities
A graduate of the Ecole Supérieure de Commerce of Nantes (AUDENCIA), Sébastien MAILLARD joined
Oddo AM in 2002 as an assistant manager for Mid Caps equities. He has been a Mid Cap equities
analyst-portfolio manager since 2003
Pascal RIEGIS - Analyst-Portfolio manager, Head of Mid Cap equities management
A graduate of economy at Pau Business School, member of the SFAF, Pascal RIEGIS began his career
in 1987 as a financial analyst for Paribas. After five years of Equity Research at the CIC group, he joined
Oddo et Cie in 1995 as Head of Equity Research for Oddo Securities. Since July 2003, Pascal RIEGIS
has been an analyst-portfolio manager of Mid Caps equities
Maryse SAUVAGEOT - Assistant manager for Mid Cap equities
Maryse SAUVAGEOT began her career in 1984, within Paribas as a vice-head of the fixed income and
Forex back office, then as a Trader on the short-term interest rates of Paribas Capital Market. She then
joined Paribas AM as a trader in the European equities team. Since 2001, Maryse SAUVAGEOT has
worked for Oddo AM teams as a trader
45