Eric BAYLE , CFA

Experience

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  Credit Commercial de France SA & Co OHG Frankfurt am Main ( HSBC )

  Sept 1987 - Mar 1989

  Treasury Trader & Credit Analyst

  Civil serviceCredit analyst covering the French client base. Switched to the Treasury Department. Management of the daily liquidity of the bank ( overnight financing & Tagesgeld)

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  Deltabanque (Banque d'Orsay ) - Groupe Axa Compagine Financière du Midi

  Jun 1989 - Nov 1990

  Junior Trader

  Junior Trader Arbitrage and trading on the German fixed-income market ( cash, futures & derivatives). Trading of options on the US T-Bond contract (CBOT) and on the EuroDollar (IMM) - specialty of ratio spreads

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  Caisse des Dépôts et Consignations (CDC) - Groupe Caisse des Dépôts

  Dec 1990 - May 1997

  State-owned corporation – Capital market activities of the Direction des Activités Financières et Bancaires, which became a subsidiary in 1996 under the name of CDC Marchés, then CDC Ixis, later merged into NatixisIn charge of the Bond Arbitrage Desk (4 traders)Key issues: - to develop trading strategies across assets and markets with good risk-reward characteristics- to implement systematic analytical top-down approach to spot inefficiencies and mispricings- to design strict money management rules in order to cut losses and let profits run- to establish risk management policies Developed a very talented and creative team mixing backgrounds and approachesSystematized an out-of-the box thinking and the monitoring of weak signals Show less

  • Executive Director of the Bond Arbitrage Desk - Capital Markets & Investment Banking Division

    Jan 1995 - May 1997

  • Head of New Issues Syndication - Capital Markets & Investment Banking Division

    Jan 1994 - Dec 1994

  • Senior Trader of Bond Arbitrage Desk - Capital Markets & Investment Banking Division

    Dec 1990 - Dec 1993
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  Dresdner Kleinwort Wasserstein | BIP | Dresdner Kleinwort Benson Marchés

  Jan 1997 - Jan 2000

  Executive Director of the Fixed Income Relative Value Trading Department Global Markets CIB

  Subsidiary of the second German commercial bank. 468 employees - Balance sheet total in 1998, €17bn.In charge of the Fixed Income Relative Value Trading Department (15 traders).Key issues: - to manage a team of 15 traders and quantitative analysts spread out over 4 locations (Paris, Frankfurt, London and Tokyo). - to create a collective, dynamic work environment making it possible to pinpoint anomalies in the bond market with systematic analytical tools and to duplicate best practices across markets and time zones- to identify trading opportunities and analysed risk-rewards of EMU relative-value strategies (yield curve, curvature, swap spread, bond spread, cross market, directional, volatility)- to establish strategies in interest rate and foreign exchange markets of G7 countries (trading for the bank’s own account)- to manage risk exposure with scenario-based and Value At Risk modelling Show less

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  Groupe SFA PAR (SFA - NOUVEL OBSERVATEUR)

  Jan 2001 - Jan 2011

  Group Chief Financial Officer of a diversified conglomerate (Media & Industry BtoC )

  SFA PAR :- €330m turnover, 40 subsidiaries (20 abroad in Europe, Russia, USA, Canada) -1 230 employees - Privately held.- 2 core business: * Industry (€180m) --​> SFA bathroom equipment / SFA, Grandform, Kinedo brands), BtoC * Medias (€150m) --​> Nouvel Observateur, Challenges, Sciences & Avenir leading French magazines.Dual responsibility:CFO group (supervised 45 people in subsidiaries) and CFO of the "Nouvel Observateur" magazine (supervized 10 people).Key issues:➜ to structure the Group Finance Division to support the development of the conglomerate’s activities and organize a clear reading of sector-based performance➜ to set up a centralized management of treasury (cash pooling scheme) , to calculate cash flow needs for the short and medium term➜ to negotiate financing conditions for all Group companies➜ to identify various drivers to improve short-term cash flow : shares on WC, divestment of non-strategic assets, asset financing ➜ to establish consolidated accounts and to draft management reports➜ to set up financial communication towards banks and financial intermediaries for this privately-owned company with a high quality standard ( investor relations)➜ to identify optimization drivers and to cut costs➜ to perform diagnostics, to determine recommendations ➜ to manage decentralized accounting and financial controlling teams at subsidiaries levels ( 40 subsidiaries) Establishment and monitoring of cash-flow forecastsCash-flow management ( Treasury forecasts, Working Capital (Purchase-to-pay (P2P) supplier cycle , Order-To-cash (O2C) client cycle)Budget process optimization , quarterly reforecasts and adjustments Show less

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  Mercator (Nature et Découvertes)

  Jan 2012 - Jan 2012

  Group CFO Retail & Commercial Real Estate - Family Office

  Mercator is an holding company which owns a majority stake in the French retail group Nature&Découvertes and a portfolio of diversified real-estate assets (retail & logistics)Mission of strategic audit and valuation of Nature&Découvertes (€180m turnover)Key issues : - to analyze how past net profit and loss came to be and to identify drivers- to analyze seasonal impact and sales and margin- to review current trading and budget- to determine net debt and analyze the WC evolution- to determine a normative net profit and lossBuild a financial model with different scenarios achieving:- visibility and identification of inherent risks, - ability to quantify financial impacts of various improvement focal points (new openings of retail outlets, closure of non-performing shops, new business, internet)- valuation estimates Show less

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  Cnam Économie, Finance, Assurance, Banque

  Sept 2012 - Jun 2014

  Master 2 Comptabilité Contrôle Audit ( normes IFRS)

  500 hours of lectures, 500 hours of individual work or teamwork, 500 hours for the research paper

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  ADLPerformance (ADL Partner)

  Jan 2013 - Jan 2013

  Chief Financial Officer Marketing Services - Listed company

  - €113m turnoverADL Partner is listed on Euronext Paris Compartiment C.As a specialist in relationship marketing (open-ended or fixed-term subsriptions to magazines), ADLPartner designs, markets and implements customer relations management and loyalty services on its own behalf or on behalf of its major partners (banks, retailers, services, e-commerce).Key issues: - to design a new model in order to properly value the portfolio of active subscriptions with attrition hypothesis- to determine goodwill in a business combination through PPA-purchase price allocation into customer lists, order backlogs, customer contracts- to review business plans and actual results for diversifications outside the core businessPrepared the General Shareholders meetingClosed mid-year accounts in IFRS, drafted the management's reportRan the AMF-ruled based financial communication for this listed company and investor relations under AMF-based calendar and rules (AMF - Autorité des Marchés Financiers ensures the protection of savings, investors' information and the proper functioning of financial markets) Show less

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  COLISEE

  Jan 2015 - Jan 2015

  Group CFO Long-Term Care and Nursing Home sector - LBO sponsor --> Eurazeo

  The COLISEE group is a leading player in the Long-Term Care and Post-Acute Care sectors. As of April 2015, the Group had a network of 60 healthcare facilities with 4 200 beds. Key issues: - to improve the quality and reliability of accounting and reporting processes in conformance with the new group reporting structure towards the LBO sponsor (Eurazeo PME) and the banking syndicate - to produce financial information faster - to develop treasury reporting to control cash levels and monitor liquidity- to perform working capital analysis - to identify dysfunctional aspects and optimization drivers - to perform diagnostics on the IT function- to define a target organization and projects to implement- to define management rules and formalize management procedures➜ Managed a team of 30 people in charge of accounting, controlling, information systems and purchases➜ Successful year-end close (80 subsidiaries) + consolidation (IFRS financial statements) ➜ Improved lead time and productivity across the Accounting Department, Financial Controlling Department, Procurement Department and IT Department Show less

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  ÆRIUM

  Oct 2015 - Dec 2018

  Chief Financial Officer Real Estate Investment Management

  Real Estate➜ Monitoring of liquidity, financial controlling, cash flow forecasts and financing plans of more than 120 property companies (SCI’s). Consolidation at the holding companies and fund level. Simulation of tax options.➜ Several legal restructuring transactions with mergers and asset transfers. Transformation of 2 funds into OPCI and implementation of regulatory reports. Refinancing of existing banking debts (> 300m€)➜ FP&AFamily office➜ Financial management of real estate propcos, retail stores and high-end private properties.ÆRIUM is a pan-European real estate investment manager (REIM) with assets under management (AUM) of €4.3 Bio ( €0.9 Bio AUM in France including French real estate and retail assets of a family office Show less

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  Services | Asset Management | Real Estate | Retail | Holding companies --> Turnover € 30m - € 300m

  Jan 2019 - Sept 2021

  CFO - Group CFO - Real Estate Development & Power Distribution (Interim Management)

  Real estate development | GEODE GROUPChallenge ➜ To diagnose the financial situation of the real estate developer GEODE GROUP (Reunion Island, Mayotte). Alerted the CEO on the perilous financial dynamics of the group (percentage of completion of building sites, uncontrolled debt, inadequate reporting).Proposed an action plan to correct the dysfunctions - 6 monthsB to B services | HYDROPTION - Alternative electricity supplier (€ 100m turnover in 2019,€ 227m in 2020)Challenge ➜ Prepared the opening of the capital (fund raising of € 12m) by elaborating a financial model and an information memorandum. Assist the CEO in his negotiations in 2019 In a second study in 2020, highlighted the limits of the company's financing which is very dependent on a negative WCR and advance payments from state-controlled entities - 7 months ( 4 months in 2019 and 3 months in 2020) Retail optical shops | OPTIC CORPSChallenge ➜ Assistance in negotiating an acquisition and arranging financing - 3 monthsDaily newspaper | LIBERATION Helped the incoming CEO to negotiate the amount of the recovery plan financed by the seller (€ 20m) - 3 months Show less

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  Tikehau Capital

  Oct 2021 - Jul 2022

  CFO - Fund Operations - Real Estate Investment Management (Interim Management)

  TIKEHAU CAPITAL | Head of Real Estate Fund Operations - Fund FinanceFinance Director - Fund Finance & Fund Operations - of the Real Estate business unit - €2.5 Bn AUM -Challenge ➜ to ensure continuity of service for the Finance Department for fund administration - Missions ➜ ▪ supervised the publication of the NAVs of 16 closed-ended funds, the planning of the distributions & capital calls - ▪ produced with the team the reporting of the Real Estate activity at the group level, ▪ prepared and presented reports to the Valuation, Risk and Investment Committees - 6 monthsCredit & Infrastructure Buyer Due Diligence of a UK-based Asset Manager - €1.7 Bn AUM - (Confidential) Buyer Due Diligence of a London based asset manager (1.7 Bio € AUM) carried out for a French-based investor - Built a financial model - 3 months Challenge ➜ established a redeployment/recovery potential analysis used by the investor for taking its Go/No Go decision Show less

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  CORSICA SOLE

  Sept 2022 - Jul 2023

  Group CFO - Renewable Energy (Interim Management)

  Renewable Energy - Solar Photovoltaic & BatteriesChallenges ➜ to bolster the confidence of the Mirova funds in the financial monitoring of its shareholding prior to a capital increase.Missions ➜ ▪ developed tools to monitor financial aggregates and cash flow in real time (€250m of debt)▪ prepared consolidated financial statements (scope: 105 companies), all ratio and DSCR computations of project finance companies

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  OCIM Finance

  Oct 2023 - Jun 2024

  Group CFO - Precious metal trading & financing company (Interim Management)

  Challenge ➜ to establish a reliable financial reporting on credit (Capex & WCR loans) and market (hedging) exposures of the Private Debt business to gold and silver minesMissions ➜ to raise the bar of the management reporting to make it useful and reliable through systematic reconciliations (banks & brokers) versus the Accounting ▪ produced pro-forma consolidated accounts▪ enabled increased exposure and tighter controls to secure development

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  Service | Asset Management | Real Estate | Renewable Energy | Holding companies

  Jul 2024 - now

  CFO - Group CFO - Interim CFO