Carmignac is set to appoint two members of the Carmignac family to its board as non-executive directors, the asset management firm announced on 6 May 2025. Charles Carmignac and Amaury Carmignac, sons of the founder Edouard Carmignac, have been nominated to join the board in June 2025 following the firm’s annual general meeting.
Their nominations follow six director appointments in 2024, says a press release, including a number of investment industry veterans and current members of the general management. As a result, there will be a total of 14 board directors, made up of four internal members and 10 non-executive directors. Of the 14 directors, four will be members of the Carmignac family: Charles and Amaury are set to join Edouard Carmignac and his daughter Maxime Carmignac, both of whom are executive directors.
Charles Carmignac runs the Fondation Carmignac, a foundation that grants an annual photojournalism award and organises exhibitions at the Villa Carmignac in the island of Porquerolles, located just off the southern coast of France. After studying at ESCP Business School and Sciences Politiques Paris, he launched numerous initiatives in the fields of journalism, communication and the arts, notes the press release. His Linkedin profile states that he is a guitarist and the founder of Ma Langue au Chat, an event planning agency in Paris.
Amaury Carmignac is a mechatronics engineer and has an engineering design degree from the University of Bristol. He works on design and manufacturing for companies in France, China and the US, focussing on the e-bike and auto sectors.
“When [I founded] Carmignac in 1989, [our] core principles were that the firm is independent, family and employee-owned, to ensure decisions are made based on long-term convictions with a permanent alignment of interest with our clients,” comments Edouard Carmignac. “By strengthening the family presence on the board we are reinforcing our commitment to these principles, as well as benefiting from the perspectives and experience of Charles and Amaury.”
Founded in 1989, Carmignac is fully owned by the founder, his family and employees. The firm counts €34bn in assets under management as of 31 December 2024. It is present in seven European cities: Luxembourg, Paris, London, Madrid, Frankfurt, Zurich and Milan. Carmignac in March 2024 announced that the managing director of the Luxembourg entity and one of the founding partners of the asset management group, . Helderlé was replaced by Rose Ouahba, managing director and former fixed income manager.