Former French Treasury head joins Cathay Capital

Bézard, who starts as a managing partner in early July, will work on a vehicle - different in strategy to Cathay's existing funds - that invests in European and Asian companies, with a focus on China and France.

Bézard has spent about 28 years working in government, including stints as an economic and financial advisor to the former Prime Minister Lionel Jospin and as head of the Treasury's equity investments division. He also worked at the French Embassy in China between 2010 and 2012. He was promoted to managing director at the Treasury in mid-2014.

Founded in 2006, Cathay Capital had invested in more than 50 companies and has over $1.5 billion in assets under management. The firm has launched several Sino-French funds.

In September 2012, it created a EUR150 million ($167 million) vehicle to invest in cross-border small- and medium-sized enterprise (SMEs). Two years later, the firm jointly formed the EUR500 million Cathay Midcap Growth Fund III to promote the international expansion of companies in the mid-cap segment. There is also a Sino-French Innovation Fund that targets start-ups in France, China and the US.

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