Karen Azoulay

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

Europe flag

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…

By Karen Azoulay & other authors

09/10/25

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

26/09/25

Portfolio perspectives

Private capital in Europe – A €3 trillion investment super-cycle

An ‘existential challenge’ is how the 2024 Draghi report on European competitiveness described the need for structural measures to improve…

By Paul-François Prouvost & other authors

28/07/25

Karen Azoulay

Portfolio perspectives

Talking Heads – It’s a match: infrastructure investing and Europe’s new focus

As investors shift away from US investments and eye opportunities for yield and growth elsewhere, it makes sense that Europe…

By Karen Azoulay & other authors

20/05/25

Portfolio perspectives

The evolving world of real assets

Real assets have the potential to offer investors a lot in ‘green’ areas such as renewable energy, green mobility, circular…

By Karen Azoulay

06/06/24

Portfolio perspectives

The resilience and diversity of infrastructure debt

For investors eyeing stable long-term income from a broad and diverse asset class, European infrastructure debt can be a resilient…

By Karen Azoulay & other authors

11/04/24