Astorg adds new partner to Paris office

In his new role, Raby will support business development across geographies and areas the firm operates in as well as structuring access to the retail and mass-affluent channels, according to a press release.

Raby told Unquote: “Given the growth in the business and the success it has encountered, now is the time to bring a structure to these functions to grow the franchise and expand relationship; my role will be business-development focused and it ties in well with my background.”

Raby has over 30 years of experience in asset management, legal, and investment banking, noted the press release.

He started his career as a corporate lawyer in 1989 at Sullivan & Cromwell in New York and Paris.

Raby joined Goldman Sachs’ investment banking team in Paris in 1996 where he made partner in 2004 and was named co-head and then sole head of the team in Luxembourg, Belgium, and France in 2006.

In 2011, Raby was named co-head of the bank’s operations in Russia.

In 2013, he joined Alcatel-Lucent as executive vice-president, CFO, and legal officer. Following Alcatel-Lucent’s merger with Nokia, Raby was named CEO of Natixis Investment Managers and head of asset and wealth management in 2017.

Raby became a founding sponsor and co-CEO of Euronext-listed Odyssey Acquisition, a special purpose acquisition company. Odyssey combined with Benevolent AI, an AI-enabled drug discovery platform, in April 2022, following which Raby joined the board of directors of the combined entity.

He remains a board member for companies including New York-listed AerCap and Toronto-listed Fiera Capital.

Astorg is investing through funds including Astorg VII, which held a final close in January 2019 on EUR 4bn. The fund invests in global B2B companies that have an enterprise value is EUR 200m or more operating across industrials, healthcare, technology, and software sectors, according to Unquote Data. It held a final close for its debut Mid-Cap Fund on its EUR 1.3bn hard-cap, February this year.

Astorg is currently fundraising for Astorg VIII which will follow its predecessor's vehicles strategy.

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