French asset manager La Financiere de l’Echiquier (LFDE) has appointed a country head for Italy as part of its European expansion plans.
Marco Negri, the former head of Southern Europe for Legg Mason Asset Management has taken up the role and will be responsible for growing the firm’s brand and client base in the country.
Negri began his career with Dexia Asset Management in 2004 before joining Legg Mason in 2010 where he served as country head for Italy between 2011 and 2017.
According to LFDE chief executive Bettina Ducat, the firm has ambitions to be a “benchmark player in asset management in Europe” and plans to expand its Italian product range of thematic equities with a particular focus on sustainable and impact investment funds.
LFDE, which has €12 billion of assets under management, launched its Italian operation back in 2014 under the leadership of Paolo Sorno who left in 2018 to become head of Southern Europe for Aviva Investors.
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