About us


We are convinced that, over the medium to long term, equities are the only way of growing investors’ capital.

Globalisation and the standardisation of lifestyles offer the potential for globalised companies to generate strong growth.

We have decided to offer investors a fund invested worldwide in leaders capable of seizing new growth opportunities.
For more risk-averse investors, we offer a customised diversified management service.

We wanted to establish ourselves right in the centre of Europe on an international marketplace. Luxembourg seemed the obvious choice. It meets investors’ need for stability.

What Sets Us Apart

PREVAL is an independent management company directed by passionate entrepreneurial investors who share the same concerns as our clients.

Our interests are aligned with those of our clients : the founders and staff have chosen to invest a significant portion of their savings in the funds managed.

Unlike the large banks, we focus exclusively on asset management. Excellent performance alone will secure your loyalty over time.

You can reach the management team whenever you want.

The Team

Thierry Flecchia

Founder, Chairman and Chief Investment Officer (Luxembourg)

Thierry has more than 25 years of experience in the world of investment. He started his career as a private equity fund manager for the Paribas group (now PAI Partners) before joining ODDO in 1995 where he took responsibility for managing mid-cap funds. He jointly managed the ODDO Avenir (ranked 4th out of 236 over 5 years) and ODDO Europe Mid Caps (10th out of 111 over 3 years) funds. In 2003, he created FLINVEST where he managed the Entrepreneurs fund (ranked near the very top of its category). In 2014, he created PREVAL.

Matthieu Vas

Conducting Officer in charge of the risk management / Co-Head of the Paris office

Matthieu started his carrer within a trading room as Back/Middle officer on derivatives instruments. He then joined Flinvest as Middle officer. In 2014, he was involved in the creation of Preval and he was responsible for the risk management and the Middle office.

In 2019, he is promoted as Conducting Officer in charge of the risk management in Luxembourg and is also the Co-branch manager of the Paris office.

Sandrine Puccilli

Consultant and project manager (Luxembourg)

Sandrine has more than 25 years of experience in the finance industry. She was Conducting Officer and General Manager within CMI (part of Lloyds Banking Group) during 20 years and then Conducting Officer within Lemanik Asset Management. Sandrine joined Preval in March 2020 for a temporary appointment to support the regulatory governance as well as the supervision of delegated functions and various internal projects.

Frédéric Jost

Analyst / Fund manager (Paris)

Frédéric holds a Master Degree from NEOMA Business School and the Chartered Financial Analyst (CFA) certification. He joined Preval in 2017. After 2 years within the parisian office as fund analyst, Frédéric joined the Luxembourgish team in April 2020, focusing on european companies analysis

Julien Thomas

Analyst / Fund manager (Paris)

A graduate of ESSEC Business School, Julien spent one year working at Preval in Luxembourg as a financial analyst. He joined the Paris office in January 2017 where he holds the same position and focuses on the analysis of European companies.

Nadim Elie A.A.

Analyst / Fund manager (Luxembourg)

A graduate of HEC – Paris, Nadim started his career as a management consultant at Accenture – North America, then at Deloitte Consulting. After having visited several industries as a consultant (Energy, Oil & Gas, Retail and Education), he decided to move towards fundamental investing. After working at Amiral Gestion for a short time, he joined Preval in September 2017 as an international equity analyst.

Bilel Benlakhlef

Analyst / Fund manager (Paris)

A graduate of Toulouse Business School, Bilel has 2 years of experience as an Equity Analyst intern in particular at Moneta Asset Management and Comgest covering European and Emerging market stocks. After having passed all 3 levels of CFA exam, he joined Preval in November 2019 as an international equity analyst.

Marie Boyé

Analyst / Fund manager (Paris)

Marie is graduated with an MSc in Finance from the IAE Aix-Marseille. Before joining Preval French Branch, she worked as a research and analyst intern at GE Capital and PwC Luxembourg. She joined the Paris team in March 2020 after a long-term internship at Preval Luxembourg (international equities analyst). Her role consists in supporting the research teams in both Luxembourg and Paris as well as dealing with multimanagement tasks.

Christine Pargemin

Office Manager (Paris)

Christine started her career as a bilingual sales assistant in a distribution company of upper quality floor coverings. Then she evolved into Office Manager / Executive Assistant positions in various international companies. After two years as Office Manager within an accounting firm, Christine joined the Preval French Branch team in January 2020.

Celia Djafer

Office Manager (Luxembourg)

Celia started her career within BNP Paribas Securities Services Luxembourg as Personal Assistant to several Managers and Excom Members over the years of her tenure. She joined one of the leading Luxembourg tax companies in 2014 where she acted as Executive Assistant to the Managing Partner for 5 years.
Celia joined Preval in December 2019 as Office Manager and Personal Assistant to Thierry Flecchia.


PREVAL is a société anonyme (public limited company), having its registered office at 11, boulevard Royal, L-2449 Luxembourg, registered in the trade and companies register under number B190081. PREVAL has established a branch in France at 41, avenue Montaigne, 75 008 Paris.

PREVAL operates as a management company subject to the provisions of chapter 15 of the Law of 17 December 2010 (2010 Law) on undertakings for collective investment (UCI), as amended, the Law of 12 July 2013 on alternative investment fund managers (AIFM Law), and Delegated Regulation 231/2013, and is authorised and supervised in the Grand Duchy of Luxembourg by the Luxembourg financial services authority, the Commission de Surveillance du Secteur Financier (CSSF).

PREVAL is also authorised to provide individual and discretionary management, and investment advisory services in accordance with article 101 (3) of the 2010 Law and chapter 2, article 5 of the AIFM Law.

Access to this website is subject to the terms and conditions below:

By accessing and using PREVAL’s website (hereinafter: the “Website”), you (hereinafter: the “User”) expressly accept the terms and conditions of use and take note of the legal information provided below. If not, the User is kindly requested to leave the Website.

The information on this Website:

The Website’s content has been produced using publicly available information, internally generated data and other external data sources. The information available on this Website is provided in good faith. PREVAL endeavours to carefully select the information that it disseminates on this Website, but it shall have no liability for its accuracy, reliability and completeness. Furthermore, PREVAL cannot guarantee that this information has not been altered as a result of technical or security failures relating to its IT system. Any decision taken on the basis of this information is therefore taken entirely at the User’s own risk, and PREVAL shall have no liability for any direct or consequential losses, damage or injury. Furthermore, PREVAL reserves the right to modify the content of this Website at any time, without notice.

The Website contains information presenting various undertakings for collective investment in transferable securities that are registered for distribution at least in their country of origin.

It is possible that the products and services presented on the Website are not authorised for persons subject to a jurisdiction other than Luxembourg because of their nationality, place of residence or for any other reason. It is the User’s responsibility to consult the restrictions on the sale of the products and services in question. Any investment made on the basis of this Website must comply with the laws and regulations applicable to each User.

Past performance is not a guarantee of future results. The value of an investment may rise or fall for various reasons and investors may suffer a capital loss. Moreover, exchange rate fluctuations may lead to a rise or fall in the value of investments.

All of the information available on this Website is intended solely for information purposes and in no event for transactional purposes. The information published on this Website may in no event be construed as a public offering, or a solicitation or offer to purchase or sell UCITS, it being understood that each visitor has his or her own specific objectives and needs when vising this Website. Before investing in a UCITS, you must carefully read the regulatory documents (KIID, Prospectus) that can be downloaded from the Website. Visitors acknowledge that they are solely responsible for the use they make of this information.

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