As an independent fund management company and a specialist in European stock-picking, Mandarine Gestion has evolved with market trends and succeeded in an environment where many financial firms have failed.
Marc Renaud, founder and CEO of Mandarine Gestion, sat down with The CEO Magazine to discuss how the company has developed and matured its products and services in the turbulent times of the economic recession and its aftermath.
The CEO Magazine: How have you seen Mandarine Gestion evolve over the years and what inspired you to start the company?
Marc: I started as a financial analyst in 1984 at what is now HSBC France. I became a fund manager in 1988. I wasnt born an entrepreneur; I became one. I decided to start my own company in 2008 at the age of 49.
As you can imagine, at the beginning when I was setting up the business in February 2008 it was pretty bad timing with the economic recession. In hindsight, we understood that the timing wasnt very good but thankfully I had created Mandarine Gestion before the recession really hit so it meant that I got capital and seed money to start.