Company

KERIUS Finance is a totally independent advisory and dealing room services firm specializing in the management and hedging of currencies, interest rates, commodities and debt.

Key figures: More than 1’000 one-off or annual missions in 14 countries in Europe, Asia and Africa since 2010. In 2022, KERIUS Finance achieved 220 missions and advised €10 billion of financial transactions, hedging and derivative products in 20 currencies.

Our clients: Private and public companies (LBO, listed, family-owned, corporates), real estate funds, private equity funds, family-offices & asset managers, foundations and NGO.

Our leverage: A sharp and independent financial expertise, professional banking dealing room tools, a comprehensive proprietary reporting platform (accounting, back and middle-office, regulatory/IFRS) and a customized support.

Your Return On Investment :

  • Security and risk reduction: bespoke and effective hedging strategy, aligned on your long-term stakes thanks to our explanations, recommendations, independent quotations of hedging products and financial simulations;
  • Comfort and time saved: we handle the tender with banks and the negotiation of the contractual documentation;
  • Savings: your hedges negotiated at the best price thanks to our dealing room.

KERIUS Finance SAS (France) is regulated as Independent Financial Advisor (Conseiller en Investissements Financiers) and registered at the ORIAS (N° 13000716) / member of the ANACOFI CIF, Association regulated by the French Market Authority.

Our services

          Diagnosis / advisory

  • Diagnosis and risk analysis, Due Diligences (FX, interest rates and commodities)
  • Advisory for hedging policy / strategy definition & implementation (FX, interest rates and commodities)
  • In-house multi-currency treasury / financing in currencies / hedging center optimization
  • Debt management / Asset – Liability management

          Dealing Room assistance

  • Assistance in hedging : Market surveillance, bank relations and negotiations, quotations, reporting
  • Assistance to simplify inappropriate or ineffective complex structured derivative products
  • Technical assistance during arbitration or litigations regarding structured products
  • Valuation of all derivative products, free shares, stock-options/warrants, convertible bonds

          Customized reporting (currencies, interest rates, commodities)

            Design and periodical production of :

  • Customized back-office, middle-office and controlling dashboards & reports
  • Customized IFRS documentation and reports (micro or macro hedging) as to secure the hedge accounting
  • Customized debt management tools and reports

ExampleS of mandates

Listed company managing real estate

needs to be protected against interest rates and inflation increase

Turnover: €4b
Debt: €5b

Business need: Protecting the company against interest rates appreciation and financial expense increase as to sustain its long term growth.

Services provided: Daily market monitoring. Regular proposals of hedge inception or optimization. Support in hedge analysis, negotiation, implementation and optimization based on market opportunities. Hedge portfolio valuation, performance and IFRS reports production.

Results: Improved hedge reactivity. Market opportunities better captured. Hedging and financial costs reduced. Customized dashboard always adapted to new the business needs. Financial expenses better controlled. IFRS reporting pack adapted to auditors’ needs (for hedge accounting purpose).

Industrial LBO, export

needs to be protected against currency depreciations and interest rates increases

Turnover: €200M
Debt: €50M
Excess cash

Business need: Protecting the company against currency depreciations and interest rates increases as to secure its EBITDA and debt reimbursement.

Services provided: Formalization and implementation of a currency and interest rates hedging policy. Support in negotiation, inception, follow up and optimization of hedging. Market monitoring. Customized dashboards and reporting pack.

Results: Risks monitored and measured systematically. Foreign exchange and interest rates hedging implemented in a systematic manner, at controlled price. Investments evaluated based on quantitative and objective criteria. Cash flows, operational and financial result, as well as financial covenants protected against financial markets fluctuations.

Industrial small size company, commodity importer

wishes to get protected against an increase in commodity prices.

€10M turnover

Business need: Protecting the company’s EBITDA against commodity cost appreciation.

Services provided: Identification and quantification of operational commodity risks as well as induced currency risks. Implementation of a commodity and currency hedging policy. Assistance in negotiation as well as management of hedging and business flows. Market surveillance. Portfolio monitoring, optimization and valuation. Periodical production of complete reporting pack: accounting, back and middle-office, regulatory (hedge accounting)

Results: Commodity and foreign exchange hedging systematized, by project, at controlled cost. Cash flows and operational margin protected against financial markets fluctuations.

Multi family-office

wishes to protect their clients against the currency and interest rates risks induced by their asset / liability structure, and to optimize the cash investments returns

Business need: Assisting the FO in the management of the interest rates and currency risks induced by his clients’ funding and investments. Helping the FO negotiating derivative products pricing independently (hedging, certificates, autocalls, etc.) with banks and brokers.

Services provided: Asset-liability analysis, risks simulations, quotations and proposals of bespoke hedging strategies. Term Sheets formalization. Dealing room assistance during negotiations and transactions. Follow-up and optimization of the portfolios. Market surveillance. Valuation and performance reporting.

Results: Financial expenses and investment returns optimized. Strategies customized. Performance reports improved (back and middle-office)

Investment fund

wants to quantify the risks related to currencies, interest rates and commodities before acquiring a company

Business need: Identifying and measuring the market risks (currencies, interest rates, commodities) of a targeted company before its acquisition.

Services provided: In parallel to the financial due diligence, audit to measure the business risks (operating and financial flows, intercompany or external), the competencies of the finance team in terms of hedging, the effectiveness and safety of the existing hedging, the adequacy of the hedging practice vs the investor’s objectives, the respect of accounting rules related to derivative products.

Results: Risks quantified. Advantages / disadvantages / costs of the existing hedging policy highlighted. Structural or short-term impacts on the P&L isolated. EBITDA retreated. Proposals to correct or realign the hedging strategy with the fund's objectives after the acquisition.

Small size company, secondary LBO

has to protect its financial expenses against interest rates rise after its bank debt renegotiation

Turnover: €100M
Senior debt: €50M

Business need: Putting in place a hedging strategy that shall respect the hedging obligation on the short term and the managers' objectives on the long term.

Services provided: Analysis of the hedging obligations and objectives, presentation of the advantages / disadvantages / costs of various hedging strategies (including existing hedges “recycling” and impact of negative rates combined to the floor on the Euribor that makes some strategies ineffective or toxic), financial expenses simulations for various scenarios of evolution of the Euribor and debt, recommendations, bank consultation and price negotiation, review of the contractual documentation, market follow up, accounting and back-office reporting production following inception of hedges.

Results: Optimized hedging strategy and pricing taking into account the medium term managers’ and shareholders’ objectives and the negative rates context. Market follow up, hedging valuation and back-office assistance after hedge inception.

Team

Sebastien

Sébastien Rouzaire 
Founding Partner

30 years of experience in Corporate Finance and Market Risk Management

Background: Crédit Lyonnais Capital Markets London, Bouygues, LVMH (Head of dealing room) and Gemplus (VP & Corporate Treasurer).

Since 2007, financial risk management advisor to corporates, funds and multi–Family Offices.

Master in Finance at Audencia.

Solal

Solal Huard, CFA 
Partner Director

7 years of experience in financial risk analysis and management

Background: Pléiade & Cie (Portfolio management), Luxcellence (Market risks).

Since 2018 at KERIUS Finance: analyst and market risk advisory for SMES and medium-sized companies.

Director since 2022.

Master in Finance at Neoma Business School.

Marion

Marion Dondin 
Partner Operations & Finance Manager

4 years of experience in corporate finance and financial markets

Background: Pyramide Conseils, Fifty Bees (Financial Audit).

Since 2020 at KERIUS Finance: analyst and market risk advisory for SMEs and medium-sized.

Operation Manager since 2023.

Master in Corporate Finance from IAE Lyon.

Rony

Rony Zekri
Analyst

Background: MR & Associés (Private Banking), Edmond de Rothschild (Asset Management), BNP Paribas (Private Banking).

Since 2023 at KERIUS Finance : analyst

Master Finance & Asset Management Université Paris 1 Panthéon Sorbonne.

Bachelor Asset Management & Investment Banking EDHEC Business School.

Dina

Dinah Ouardiri
Office Manager

4 years of experience in managerial assistance and corporate communication

Background: Pro SMH, Assura

Since 2024 at KERIUS Finance: administrative assistant and office manager

Bachelor’s degree in International Business with specialization in communication and management from INSA Business School

Cedric

Cédric Larouziere
IT Manager

23 years of experience in project management and development of software and analysis tools.

Background: Crédit Agricole, IBM, RehaStim, Hegias.

Since 2024 at KERIUS Finance : IT Manager

Master Mathematical Computer Engineering from Montpellier II.

Hugo Debarge
Analyst Intern

Background: Noveo Finance (FX & IRD Structuring)

Bachelor in Corporate Finance & Financial Markets (BBA) at EDHEC Nice

Guillaume Granger
Analyst Intern

Background: QNB Group Geneva (Finance assistant)

Master’s degree in Finance (Asset and Risk Management) at HEC Lausanne
Bachelor’s degree in International Relations (BARI) from University of Geneva

 

Risk analysts and seasoned advisors in market risks & hedging, debt & asset/liability management

 

Experts in databases and reporting platforms design, valuation models, structured products quantitative analysis

 

IFRS expertise: IAS39/IFRS9, IFRS13 and other standards relating to hedging.

Contact us

Kerius Finance Suisse Kerius Finance Suisse Sàrl, Chemin de Blandonnet 2, CH – 1214 Vernier – Geneva, Switzerland.
Phone: + 41 22 566 40 52
Kerius Finance France Kerius Finance SAS, 17 rue Dupin, F – 75006 Paris, France.
Phone: +33 1 83 62 27 61

KERIUS Finance SAS is regulated as Independent Financial Advisor (Conseiller en Investissements Financiers) and registered at the ORIAS (N° 13000716) / member of the ANACOFI CIF, Association regulated by the French Market Authority.
Download KERIUS Finance legal information sheet (CIF approval), Click here >>>

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