The Zadig team

The market is right in the long term but inefficient in the short term, leaving room active management. Day-to-day, our team demonstrates that building a risk-controlled concentrated portfolio of best ideas based on in-depth fundamental analysis of companies yields long term superior returns.


Régis Bégué joined Zadig in April 2024 as Partner and is co responsible for Memnon European strategy with Vincent Steenman. Prior to joining Zadig, he worked as Managing Director at Lazard Frères Gestion since 2005. At Lazard he was supervising a team of 20 people running 10bn EUR AUMs in European large and small caps, as well as US and Japanese equities. He was the fund manager of Lazard Alpha Euro SRI and several other dedicated funds for institutional clients. Previously he was a Head of UK sales at Oddo Securities. He graduated from HEC in Paris in 1993.

Memnon European equity

Vincent Steenman joined Zadig in 2020 to launch and manage the Memnon Opportunities strategy. In 2022 he became co responsible for Memnon European strategy with Laurent Saglio and Vincent Bourgeois and is co responsible for the strategy with Régis Bégué. Prior to joining Zadig, he worked as a Portfolio Manager and Research Analyst at Sata Capital and Carmignac Gestion. Previously he was a Research Analyst and Partner at Zadig between 2007 and 2012. He graduated from Ecole Polytechnique and HEC in Paris in 2004.

Memnon European Equity

Pierre Philippon, CFA is a founding Partner of Zadig in charge of Business development. Previously, he was a Risk Manager and Research Analyst at Voltaire Asset Management. Prior to joining Voltaire, he was an analyst with Morgan Stanley in London, managing risk on a Convertible Bonds proprietary trading desk. He graduated from Ecole Centrale Paris in 2002.

Laurent Saglio is a founding Partner of Zadig since 2005 and was co-responsible for the European Equity research and the Memnon European strategy from February 2011 to June 2023. Previously he managed the Zadig Fund, a European Equity Long Short fund from 2005 to 2016. Previously, he was a founder and managing director of Voltaire Asset Management, managing the Voltaire Fund, a Long Short equity fund. Prior to starting Voltaire, he worked as a European equity analyst covering French equities as well as various sectors (media, services, etc.). He is a member of SFAF and graduated from HEC business school in 1985.

Vincent Bourgeois is a  Partner of Zadig and was co-responsible for the European Equity research and the Memnon European strategy from February 2011 to March 2023. Before joining Zadig, he was co-Manager of the HSBC European Alpha Fund. Before HSBC, he was Senior Research Analyst at Bessent Capital (London) and Lazard Frères Gestion (Paris). He graduated from HEC International Business School, Paris in 1989.

Research and Strategies

Francesco Rustici joined Zadig in 2020. He is responsible for the Memnon Opportunities strategy since 2020 as well as providing research ideas for the Memnon European strategy since July 2023. Prior to joining Zadig European equity’s Team, he was a Managing Director and Deputy Portfolio Manager at Chilton Investment Co, which he joined in 2011. Previously he worked in equity research roles at Theorema, since 2004, and in the asset management businesses of Citigroup and the Zurich Group, starting in 1996. He graduated from the Università Cattolica in Milan in 1996.

View the Memnon Opportunities Strategy

Aurélien Favre joined Zadig in September 2022 as a member of our Equity Research Team. His previous roles include Fundamental Equity Analyst at Ananda AM London and IBD Analyst at Goldman Sachs. He graduated from Imperial College London with a BSc in Mathematics with Statistics for Finance in 2017 and graduated from London School of Economics in 2018 with an MSc in Financial Mathematics.

Investment and Operations

David Pawelkowski joined Zadig in 2010 and is in charge of operations and compliance. He was previously a Fund Coordinator at CapitalatWork Foyer Group S.A., and Director for CapitalatWork Umbrella Fund from 2007 to 2010. Prior to joining CapitalatWork, he was Client Relationship Manager at Banque Privée Edmond de Rothschild Europe for institutional clients from 2005 to 2007, and before that he was the auditor and compliance consultant at PricewaterhouseCoopers Luxembourg from 2001 to 2005. He graduated in Applied Finance from Ecole d’Administration des Affaires, Université de Liège.

Guillaume Krier joined Zadig in 2011. He is in charge of the daily monitoring of the risks and exposures as well as reporting. Prior to joining Zadig, he was a Collateral Monitoring Officer at RBC Investor Services Bank. He graduated from ESLSCA (Paris) and ISEN (Lille).

Anup Dodia joined Zadig as a trader in 2011. Prior to Zadig he worked at Equinet Bank AG in Germany as a trader on the sell side for 3 years. He graduated from the University of London in Accounting and Management in 2007.

Benoît Grouvel joined Zadig in 2009. He started his career in Operations and moved to Front Office in 2011. He graduated in Accounting and Finance from Macquarie University, Sydney, Australia.

Aurélie Coos is working as Head of Operations at Zadig since 2010. Prior to joining Zadig, she worked at Ing Luxembourg for 10 years.

Finance and Research Coordination

Mahboob Ali joined Zadig in 2009 and is in charge of Finance, HR and Compliance. Prior to joining Zadig he worked with Ernst & Young Ford Rhodes in audit and tax. He graduated in Applied Accounting from Anglia Ruskin University, England.

Amy Powell has been Office Manager and Research Coordinator at Zadig since 2011 and had over 25 years’ experience. Prior to joining Zadig, Amy started out at GAM UK, and began her career as a PA in 1996 to two fund managers before moving over to the client side, where she remained for 14 years.