Wendel announced Monday the appointment of Cyril Marie, an asset management specialist, as Executive Vice President in charge of strategy and corporate development.

In his new role, this former Natixis Investment Managers executive will be responsible for driving external growth and development projects (mergers & acquisitions, management companies and strategic partnerships) as part of the implementation of the new third-party asset management business line.

Cyril Marie, 48, a graduate of Dauphine University, was previously CFO in charge of strategy and corporate development at Natixis IM, where he was a member of the management committee.

His appointment will take effect on July 25.

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