SYNATOM is one of the largest Belgian institutional investors building up a €14bln portfolio to finance nuclear provisions. We are a 5 people team working on (i) Analysis and support for investment decisions by our IC, (ii) Definition of the SAA and generation of investment ideas, (iii) Portfolio implementation, (iv) Managers selection/monitoring and performance benchmarking/reporting and (v) Management of relationship with custodian, asset managers and lawyers, as well as contracts negotiation.I am in charge of building up and implementing our private markets portfolio in collaboration with an external consultant. Our private markets portfolio includes allocations to private debt, private equity, infrastructure equity and real estate equity funds. We are currently committing >€500mln/year to funds across private markets. Main private markets projects:- closing 22 fund commitments totaling ~€600m in 12 months (incl. the oversight of legal/tax due diligence)- definition & implementation of reporting, monitoring & benchmarking frameworks (investments & fees)- selection of benchmarking data provider- overseeing the transfer of fund interests to another investment vehicle- management of funds’ lifecycle (managing cash flows, recording flows and valuations, reviewing LPAs amendments, etc.)- attending private markets training sessions with consultants/asset managers and industry eventsMain side projects:- analysis of ESG ecosystem (SFDR classifications vs impact strategies in private and public markets) & recommendation on implementation- quantitative analysis of European MMFs (LVNAV, ST VNAV & standard VNAV)- quantitative comparison of standard bonds vs GSS bonds markets- selection of a consultant for an asset liability study

The team serves the Management Boards of seven Pension and Social Security Reserve Funds (mostly defined-benefit plans - € 2 bln AUM) of different International Organisations: the OECD, the Council of Europe, the European Union Satellite Center, the European Union Institute for Security Studies, the Hague Conference on Private International Law, and UNIDROIT.Main activities of the team- Analysis and support for investment decisions by Management Boards, as well as full portfolio implementation- Definition and monitoring of the strategic asset allocation, generation of investment ideas and advice- Funds and asset managers selection and monitoring, performance measurement and reporting- Market execution and follow-up, investment monitoring, and presentation to Management Boards- Relationship with custodian and asset managers, negotiation of contracts, cash managementMain projects / tasks:- Analysis of the impact of the current inflation & growth environment on investments- EM Equity, EMD Sovereign HC and Euro Equity best-in-class fund selection (active funds)- PE commitment policy- Monitoring of investments and performances for 5 International Organisations- Presentation to Management Boards

Over €6 bln AUM- Team of 6 people managing and advising 5 pensions funds (DB & DC plans), insurance assets and nuclear decommissioning assets (biggest client: Engie Group)- Pension assets: ALM analysis & implementation, performing EIOPA stress tests (asset side), emerging market equity manager selection and reshuffling of multi-assets mandates with risk budget- Nuclear assets: ALM, SAA, Risk Budgeting (Drawdown Risk Control) and Accounting Impact (under IFRS 9 FVTPL & FVTOCI) studies, writing an investment policy for the launch of an € 8 bln fund dedicated to the funding of future nuclear liabilities, portfolio construction & manager selection (world and EM equities ETFs)- Insurance assets: duration gap analysis, PCA on EUR rates and managing the portfolio in an M&A process - Manager selection and monitoring (Global/US/EM equity, US IG Credit, multi-assets with risk budget & private infrastructure/PPP) —> active & passive (ETFs/index funds)- Proactively renogociating fee levels (on index funds as well as EMD, US corporates and multi-assets mandates) leading to more than EUR 1 mln of annual savings- Presentation to clients, Investment Committees (CFOs, CEOs, HR & union/labour representatives) and Boards of Directors- Helping with the recruitment effort (discussing business cases with candidates)

Member of the fund selection, portfolio construction and bond selection committees for the Private Bank.Fund selection and monitoring on the following asset classes:- Global equities- Aggregate debt- Passive (ETFs & ETCs)- Thematic equitiesPreparation and presentation of asset class reviews and manager selection notes. Bond selection for the Private Banking book including EUR and USD corporates, govies, EUR and USD inflation linkers, FRNs.Construction of model portfolios implementing the decision of the asset allocation committee. Member of the profiled FoF management team.Mainly working on the private banking side but also selected a EUR aggregate debt (benchmarked) manager for an institutional client (religious congregation).

Within DPAS the Luxembourg-based ManCo of Degroof Petercam, my main tasks included:- Daily management of a €100mio AUM equity fund (equity direct investments, ETFs, futures, options and MMFs) and a €300mio AUM debts and currencies fund (bonds, interest rate futures, fixed income funds, MMFs and FX forwards) and monitoring of net exposures- Management of a €1.5bn AUM MMF (placing orders through brokers, managing subscriptions/redemptions, managing cash settlements)- Successful hand over of a €1.5bn AUM MMF to the Brussels' fixed income team and support to the new fund manager during the transition period- Daily management of funds of funds and funds of managed accounts (€ 2bn AUM)- Aligning managed accounts against model portfolios- Analyzing performance attribution for funds of managed accounts on Japan, Emerging and Asia ex Japan equity- In charge of share class hedging for 6 months (over 70 different share classes)- Analysis of the impact of interest rate differential on share class hedging (cost of hedging)- Construction of excel tools using Bloomberg API to compute/analyse performance, risk and financial indicators (active share, overlap, rolling excess performance, excess performance correlation, standard deviation, IR, Sharpe, VaR, drawdown, tracking metrics, recovery, capture ratios, turnover, styles performance, etc.)- Customizing Bloomberg performance analysis tool (PORT) for performance attribution of funds of funds and managing funds through Bloomberg AIM.- Funds screening using Morningstar for internal or PB requests- Taking part to investment management and third party funds selection committees- Meeting with third party fund managers for our funds of funds and funds of managed accounts - Reviewing in-house and third party funds investment strategies- Following up financial markets and reading research/white papers to keep up-to-date- Supporting senior asset managers in their daily work or for specific tasks/assignments

Advisor focusing on Valuation and Modeling:- Impairment test (valuation, WACC/discount rate and trading & transaction multiples reviews)- Fair value review (debt and equity interests)- Tax valuation (valuation of an Asset Management company for tax purposes)- Valuation of a holding company holding interests in real estate, private equity and reinsurance businesses- Stock options plan valuation (including forecasting underlying stock and index prices using Monte Carlo simulations and Geometric Brownian Motion)- PPA review- Search for potential co-investors for a LBO and potential investors for a takeover - Peers and comparable transactions searches

Junior within the Transaction Financial Engineering (TFE) department:- Valuation (impairment test, WACC and tangibles and intangibles valuation reviews)- Interest rate benchmarking & variable yield modeling (NPV, OAS spread, Z-spread, yield curve, comparable issuances and swaps)- Accounting memorandum on hybrid financing instruments- Transfer pricing on financing activities- FX impact on balance sheet and P&L following a change in functional currency

6 months internship within the Portfolio Management department at La Française Bank (a Luxembourg-based Private Bank and a subsidiary of La Française):- Private clients portfolios management (recommending sales/purchases when a new client was coming in or when there were in/outflows on a account) - Markets follow-up- Aligning client portfolios against model portfolios - Portfolio analysis (analyzing geographical, industry and currency exposures of potential new clients) - Equity scoring development (on Excel using Bloomberg Add-In)- Buy/sell recommendations (stock picking complemented by a top-down approach) - Companies & sectors analysis- Writing the annual comment for a balanced fund and the management report for specific mandates- Computing performance and risk indicators for internal reporting purposes- Calculating currency exposures for the different risk profiles of private clients and for a balanced investment fund- Screening investment funds and ETFs- Investment advisory for advisory mandates- Excel tools construction (using Bloomberg & FactSet Add-Ins)- Writing commercial presentations for potential new clients