Bamboo Capital Partners, the asset management arm of Palladium’s impact investing business, has appointed David Grimaud as its new Chief Executive Officer.
Previously the CEO of Symbiotics Asset Management, Grimaud joins Bamboo at a crucial time, as the firm looks to broaden and deepen its positive impact in emerging and frontier markets. The appointment comes after Bamboo was fully acquired by Palladium earlier this year, three years after Palladium took a minority stake in the organisation in September of 2020.
“I’m joining Bamboo because of its very strong reputation in the impact investing space,” says Grimaud. “Bamboo has an excellent team of experienced impact professionals, performing excellent work. In addition, the scale, leverage, and capital provided by Palladium make this an unmatched opportunity.”
The strategic partnership between Bamboo and Palladium only serves to strengthen and accelerate their shared mission of mobilising private and public sector investment towards the UN’s Sustainable Development Goals. The full acquisition realises the parties’ long-term plan and combines Bamboo’s knowledge and track record in impact investing with Palladium’s global footprint and sector expertise.
Together, Bamboo and Palladium manage private and public funds in 90 countries and in 2022 alone, mobilised more than US $2.8 billion of impact investment.
“Bamboo has created strong partnerships to scale and further invest in the regions of the world where impact investing is most needed to help people lift themselves out of poverty,” Grimaud explains. “I’m excited to work with all the teams at Bamboo and Palladium.”
After sixteen years with the company and after successfully supporting Grimaud’s induction to Bamboo, founder Jean-Philippe de Schrevel is stepping away from the business.
“My greatest thanks to Jean-Philippe for the work he’s done creating this business,” says Palladium co-CEO Jose Maria Ortiz. “Bamboo and Palladium are stronger together and he leaves a last legacy.”
For Ortiz, that legacy includes a strong foundation from which Grimaud can spearhead Bamboo’s offering and continue the mission of mobilising capital to address some of the world’s greatest challenges. “David is a fantastic hire and a great fit,” he says. “He has the values and experience to accelerate Bamboo’s impact – to foster sustainable economic growth in emerging and frontier markets through impact investment.”