Tethys, the family office of the Bettencourt Meyers family, controlling shareholder of L'Oréal, is expanding its investment team after several years of buying activity. According to Bloomberg, the vehicle has made two high-level appointments.
Laure Negiar joins Tethys as senior director of the asset management unit. A graduate of HEC Paris and Stanford University, she worked for more than fifteen years at the asset manager Comgest, where her last position was head of global equities.
Julie Hazard assumes the role of senior investment director at Tethys Invest, the branch dedicated to direct investments. Educated at Ecole Centrale and McGill University, she began her career at Bain & Company and in 2021 joined the private equity firm Astorg, in Paris.
Tethys Invest, which invests in both private and listed companies, has been led for a decade by Alexandre Benais, a former Lazard banker. The group is chaired by Françoise Bettencourt Meyers, the richest woman in Europe, whose fortune comes from the 34.8% her family owns in L'Oréal. Her husband, Jean-Pierre Meyers, is CEO of Tethys.
The hires come at a time of intense investment activity around the family behind the world's largest cosmetics company, and strengthen the structure of a family office that has gained weight in the sector.