The sustainable investor for a changing world

Karen Azoulay

Head of Investment Team, Real Assets

Bio

Over 20y of experience.

Karen Azoulay has been Head of Infrastructure Debt at BNP Paribas Asset Management since joining the company in April 2017. She has over 20 years of experience in project and structured finance as advisor or lead arranger.

Before joining BNP Paribas Asset Management, Karen had been Head of Infrastructure at SCOR Investment Partners since 2012, in which role she implemented and developed SCOR’s infrastructure debt strategy and invested in infrastructure equity funds.

She previously worked for Dexia, joining in 2003 and initially heading the project finance credit team for the energy sector, before joining the Project Finance team as Director for the energy and environment sectors. She began her career at KPMG’s Bank&Finance division.

Karen holds a Master’s degree in corporate finance & finance engineering from Paris-Dauphine University and is also a Certified Public Accountant.

Karen is based in Paris.

Articles from Karen Azoulay

Article

Portfolio perspectives

Reasons why Europe is back on the investment map

The change in economic and geopolitical policies from the US administration, combined with a significant increase in European defence and…

By Daniel Morris & other authors

14/10/25

Article

Portfolio perspectives

European infrastructure - Striking the right balance

Despite macroeconomic turmoil in some markets, infrastructure decarbonisation and digitalisation remain viable and appealing thematic investment options in Europe. Karen…