COVEA COOPERATIONS

About COVEA COOPERATIONS

Covéa Coopérations plays a long-term shareholder role in Covivio’s governance and is represented on the Board of Directors by Olivier Le Borgne. His background gives the company a strong financial and investment-oriented perspective, especially on capital allocation, asset-liability management and risk discipline. A graduate of ISG Paris, he started his career as a management controller before joining the administrative and technical department of GMF Vie in 1992. In 1998, he moved to the finance function at Azur-GMF, where he held a series of roles covering company monitoring, earnings forecasting and financial control. From 2006 onward, Olivier Le Borgne took on a more strategic profile as Head of Financial Strategy at GMF, a role that placed him at the center of financial optimization, balance-sheet steering and performance management. In 2015, he joined Covéa as Head of Investments and Asset-Liability Management, a key position in an insurance group where the alignment between technical liabilities, investment policy and prudential management is critical. In December 2020, he was appointed Chief Executive Officer, Investments at Covéa, underlining his senior responsibility for the group’s investment strategy. Within Covivio, Covéa Coopérations represents a stable institutional shareholder with a clear long-term approach. Its presence on the Board reflects the importance of shareholder continuity, strategic oversight and disciplined capital allocation. Covivio’s governance places emphasis on sustainable value creation, the quality and resilience of its real estate portfolio, and the balance between growth and financial prudence. In that context, Covéa Coopérations contributes to a governance framework focused on long-term performance, risk control and the consistency of strategy with shareholder interests.