Hervé Besnard

CEO
Hervé Besnard
Hervé Besnard

Hervé founded Rivage Investment in 2010, and is the CEO of the company.

Prior to that, Hervé was Managing Director at BNP Paribas. He was in charge of the credit structuring department and head of the European teams. Hervé started his career in the BNP Paribas infrastructure project finance department. Hervé has over 25 years of experience in structured finance and capital markets.

He has an engineering degree from l’Ecole Centrale Paris.

Juliette Desmay

Head of human resources
Juliette Desmay
Juliette Desmay

Juliette joined Rivage Investment in July 2025 as Head of Human Resources to structure and implement the company’s HR policy in a context of ongoing expansion.

Since 2010, Juliette has steadily broadened her experience in human resources, working mainly in finance. First at Alfi, a consultant firm specialised in asset management and financial markets, and then from 2016 at Tikehau Capital where she became Deputy Head of Human Resources Europe and Human Resources Business Partner.

Juliette has a Bachelor degree in History from Sorbonne University and a Master’s degree in Human Resources Management from the Institut de Gestion Sociale.

Denis Gardrat

Partner at Rivage Investment UK LLP
Denis Gardrat
Denis Gardrat

Location: Rivage Investment (UK) LLP, London, UK

Denis Gardrat joined Rivage Investment UK as a Partner in July 2025.

Previously, Denis was Managing Director at J.P. Morgan in London, where he was the Global Head of Credit Structuring. He led a team specialising in structured products and solutions across a broad range of credit underlyings.

Before joing J.P. Morgan, Denis worked at BNP Paribas in London from 2003 to 2018, where he held various structuring roles, specialising in credit derivatives, financing solutions and collateralised loan obligations (CLOs).

He began his career in 2001 at PwC as a project finance consultant.

Denis is a graduate of l’École Nationale des Ponts et Chaussées in Paris and holds an MSc in Project Finance and Structured Finance from l’Université Paris X.

Claire Gobert

Managing partner and Chief operating officer
Claire Gobert
Claire Gobert

Claire oversees all matters related to legal, finance and tax, fund administration, compliance, IT systems and human capital at Rivage Investment, with a focus on organizational efficiency and the structuring of key operational processes, to support the company’s development.

She began her career at Deloitte Luxembourg before joining the French Financial Markets Authority (AMF) in Paris in 2001, where she reviewed authorization applications for investment funds, portfolio management companies, and custodians, while driving and contributing to key regulatory initiatives across the industry, at national and EU levels. She then supported major asset management firms in Paris while working for consulting firms, leading strategic projects involving the structuring of asset management companies, financial groups, and investment funds, regulatory compliance, organizational transformation, new business launches, and internal control.

She holds a Master’s degree in Accounting and Management, a Bachelor’s degree in Law from the University of Lille 2 (France), and is an alumna of ICN Business School in Nancy (France). She is also a Certified International Investment Analyst (CIIA) and is a graduate of the French Society of Financial Analysts (SFAF).

Jazib Hasan

Head of North America
Jazib Hasan
Jazib Hasan

Location: Rivage Investment (US) LLC, New York, USA

Jazib was appointed Head of North America at Rivage Investment (US) LLC in 2025 with over 25 years of investment, trading and origination experience across private credit, hedge fund, bank and corporate platforms. Most recently, Jazib was a Managing Director for EIG Global Partners, focusing on Direct Lending in Power, Renewables and Energy Transition infrastructure assets.

Prior to that, Jazib worked for Citigroup, Bank of America, Shell, Deutsche Bank and LTCM.

Jazib holds a MBA from The Wharton School, and a B.Sc. in Electrical Engineering and a B.A. in Economics from Stanford University.

Alessandro Merlo

Head of corporate strategy and business development
Alessandro Merlo
Alessandro Merlo

Alessandro is a managing director of Rivage Investment, overlooking their strategic growth initiatives.

Alessandro has over 20 years of experience in infrastructure finance. Until May 2023, Alessandro led UBS AM infrastructure debt business, raising and investing over EUR 2.0bn in more than 30 investments and across 14 jurisdictions. Before that, Alessandro worked at Moody’s, covering EMEA infrastructure clients, at Citigroup in the infrastructure M&A and debt teams and Intesa Sanpaolo.

Alessandro holds a Master in Economics from Toulouse School of Economics and a Degree in Economics from Università di Genova.

 

Patrick Raffard

Head of investor relations and fundraising
Patrick Raffard
Patrick Raffard

Patrick joined Rivage Investment in 2016 as the head of business development.

Patrick started his career as an interest rate swaps trader for BNP and Commerz Financial Products in Paris, Frankfurt and Prag. He moved then to a marketing position, in charge of sales of derivative products to East European corporates for Credit Lyonnais London. From 2000 until 2012, Patrick worked at Edmond de Rothschild Investment Managers as the Head of Business Development. He was responsible for the coverage of many European institutional investors and distributors on asset management products such as structured products, fixed income funds and hedge funds. He moved to Kepler Cheuvreux in 2013 where he intermediated illiquid assets. During this period he met Rivage Investment and started a fund raising activity during the first marketing campaign of a multi investors infrastructure debt fund by Rivage Investment.

Patrick graduated from Sciences Po Paris.

Thierry Seng

Delegate CEO, senior manager
Thierry Seng
Thierry Seng

Thierry is in charge of the quantitative strategies for the front office teams, the R&D department (modeling and pricing models) and the information systems. He has over 20-years’ experience.

Thierry worked as a senior credit structurer at BNP Paribas in London from 2006 to 2010. He was in charge of the design and the follow-up of clients’ investments for a wide range of structured products, as well as algorithmic strategies. Prior to that, Thierry worked in a hedge fund specialized in statistical arbitrage (2004).

Thierry holds a Master’s degree in Financial Mathematics from the Jussieu University (Paris VII) and a Master’s degree in civil engineering from l’Ecole des Mines de Nancy (France).

Gaétane Tracz

Head of infrastructure debt
Gaétane Tracz
Gaétane Tracz

Gaétane joined Rivage at the end of 2017 as an investment director. She had spent the 10 previous years as a Director at KPMG within the global infrastructure and Project group where she provided advisory to construction firms and infrastructure funds for their financial closings. The projects analyzed were PPPs and concessions in France and Africa.

Gaétane started her career in 2000 as an infrastructure specialist at French Ministry of Public Works and Transportation before joining the World Bank in 2003 where she advised the governments of Hungary, Russia and Georgia on infrastructure projects and developed financial models to assess the credit worthiness of infrastructure projects in various countries of Eastern Europe and Asia.

Gaétane holds a Masters in corporate finance from Conservatoire National des Arts et Métiers, a Masters in Management from New York University and a Masters in Civil and Transport Engineering from ENTPE Lyon.

Julien Wavasseur

Head of compliance, internal control, and risk management
Julien Wavasseur
Julien Wavasseur

Julien joined Rivage Investment in December 2017 as Head of Compliance, Internal Control and Risk.

He has more than 17 years of experience in asset management industry and risk & compliance areas. He began his career in a consulting firm where he worked on new regulations implementation (MiFID in particular), process analysis and risk assessment projects for asset managers, banks and insurers based in France, the UK or in Morocco. He then joined Natixis Investment Managers, first as a risk specialist, where he advised the group’s European and Asian affiliates (25+ entities specialized in all asset classes including infrastructure and real estate) in their implementation of risk management systems and related projects, then as manager of the team in charge of the group’s operational risk Value-at-Risk calculation (35+ entities worldwide).

Julien graduated from NEOMA Business School.