Jean-Baptiste de Franssu
Jean-Baptiste Douville de Franssu | |
|---|---|
| Born | July 8, 1963 France |
| Occupation(s) | Investment management professional, banking executive |
| Years active | 1987–present |
| Known for | Chairman of the supervisory board at Istituto per le Opere di Religione (Vatican bank), CEO of Invesco Europe (1990–2011) |
Jean-Baptiste Douville de Franssu (born July 8, 1963) is a seasoned professional in investment management and banking from France.
Since July 9, 2014, he has held the position of chairman of the supervisory board at the Istituto per le Opere di Religione (IOR), commonly known as the Vatican bank.
From 1990 until October 2011, de Franssu served as CEO of Invesco Europe, the European division of the global investment management company Invesco, while also sitting on its global executive committee. He was instrumental in spearheading Invesco's expansion across Europe, increasing assets under management from zero to $35 billion (€24 billion).
Career
Beginning his career as a journalist at the French financial publication INVESTIR, de Franssu transitioned to a managerial role at Groupe Caisse des Dépôts et Consignations (CDC) in 1987.
In 1990, he joined Invesco France as managing director and was promoted to CEO of Invesco Europe in 1997. He oversaw considerable growth during his tenure until 2011, significantly enhancing Invesco Europe's footprint in the market.
He was elected vice president of the European Fund and Asset Management Association (EFAMA) in June 2007 and later served as its president from June 2009 through June 2011.
Following his departure from Invesco, de Franssu provided advisory services on international mergers and acquisitions and accepted non-executive positions within the financial services sector.
In March 2014, Pope Francis appointed him to the Pontifical Commission responsible for reviewing the economic and administrative framework of the Roman Curia and Vatican entities. He stepped down from this role in September 2014 upon becoming chairman of the IOR supervisory board. Under his guidance, the Vatican bank released its financial report for 2019 in June 2020, revealing a profit of €38 million.
In May 2015, he joined the supervisory board of Groupe La Française, an investment management subsidiary of Credit Mutuel du Nord. Later, in October 2017, he took on a non-executive board membership with Kneip S.A., a company specializing in data management and reporting solutions for investment management and insurance industries.
Other roles and honours
In 2009, Funds Europe magazine recognized de Franssu as European Personality of the Year.