Bamboo Capital Partners has appointed David Grimaud as its new chief executive officer.
Grimaud was most recently the CEO of Symbiotics Asset Management, which is a private equity firm with $3 billion in assets under management and specializes in impact investing in emerging economies.
Bamboo Capital founder Jean-Philippe de Schrevel is stepping away from his role leading the asset management firm.
Grimaud has previously held roles with asset manager Amundi, which was founded by Grimaud’s other previous employers Société Générale and Crédit Agricole.
“I’m joining Bamboo because of its very strong reputation in the impact investing space,” Grimaud said in a statement. “Bamboo has an excellent team of experienced impact professionals, performing excellent work. In addition, the scale, leverage and capital provided by Palladium made this an unmatched opportunity.”
Palladium acquired a minority stake in Bamboo Capital in September 2020, which led to a full acquisition earlier this year.
Palladium signed a deal with its new subsidiary to become its exclusive placement agent in June, while Bamboo Capital also acts as Palladium’s asset management arm.
Palladium executive officer Jose Maria Ortiz commented: “David is a fantastic hire and a great fit. He has the values and experience to accelerate Bamboo’s impact – to foster sustainable economic growth in emerging and frontier markets through impact investment.
“I wish him all the very best as he embarks upon this important role. My greatest thanks to Jean-Philippe for the work he’s done creating this business. Bamboo and Palladium are stronger together and he leaves a lasting legacy.”