Paris-based asset manager Carmignac is set to appoint two members of the Carmignac family to its board as non-executive directors. Charles Carmignac and Amaury Carmignac, sons of found, chairperson and CIO Edouard Carmignac, have been nominated to join the board in June 2025 following the firm’s annual general meeting.
Charles Carmignac runs the Fondation Carmignac, the foundation behind the annual Carmignac Photojournalism Award and offering exhibitions at the Villa Carmignac on the island of Porquerolles.
Amaury Carmignac is a mechatronics engineer, supporting companies in France, China and the US with design and manufacturing, focused on the E-bike and auto sectors. He has an engineering design degree from the University of Bristol.
These nominations follow six director appointments in 2024, including a number of investment industry veterans and current members of the general management. As a result, the total number of board directors will be 14, comprising four internal members and 10 non-executive directors. Of the 14 directors, four will be members of the Carmignac family, with Charles and Amaury joining Edouard Carmignac and Maxime Carmignac (both executive directors).
Edouard Carmignac said: “When founding Carmignac in 1989, 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. 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. I believe the board is now well balanced and composed to support Carmignac’s growth strategy.”
