Sycomore Asset Management, an asset management company in the Generali group, has announced the appointment of Fabien Madar, 60, as director of development with effect from 1 September. A member of the Executive Committee, he will report to Managing Director Denis Panel. Since January 2025, he has been head of sales at Groupama Asset Management.                                                                                                           

"Fabien Madar will be responsible for driving Sycomore AM's commercial strategy and accelerating its development in its priority markets. He will coordinate the activities of Distribution, Client Services, Product Development, Marketing and Communications. With 35 years' experience in the asset management industry, Fabien Madar will play a strategic role in implementing Sycomore AM's development plan, aimed in particular at increasing its assets under management and its international presence.", explains the release. 

Fabien Madar began his career as a Manager at CDC Gestion (Natixis) in 1991. Three years later, he joined Banque Bruxelles Lambert France (NN IP) as Head of Credit Management. In 2000, he became Managing Director France at ING IM (NN IP), before taking up the position of Head of Sales Western and Northern Europe at Pioneer Investments (since acquired by Amundi) in 2008. 

Ten years later, Fabien Madar was appointed Co-Head of Europe and Head of Southern Europe in charge of Fund Distribution at BNP Paribas Asset Management. Fabien Madar holds a DEA in Finance and a Magistère in Corporate Finance and Banking Management. He also completed an Executive Program at Boston University in the United States.

Jean-Philippe Abougit, 45, is also joining the management company as head of development for institutional and wholesale clients in France, Belgium and Luxembourg. Since 2021, he has held the positions of Head of Distribution Development, Key Account Director and Sales Director at Mandarine Gestion,

Jean-Philippe Abougit began his career in 2004 at IXIS PCM (Groupe Caisse d'Epargne) as a Partner Account Manager and then Key Account Manager. In 2007, he took up the position of Sales Director at NMM (Natixis Group) before becoming Senior Account Manager at Neuflize Private Assets (ABN Amro Group) from 2010. Jean-Philippe Abougit obtained a DESS in Corporate and Market Finance from the Grenoble Business School (a member of the IAE network) in 2004.