Wendel has appointed Bénédicte Rabier as Chief Product Officer for Wendel Investment Managers, a move aimed at sharpening its third party asset management offering. The appointment comes as the shares trade around €79.35, with a 1-day share price return of 1.34% and a 7-day gain of 2.65%, though the 30-day share price return is down 6.87%. Over longer horizons, Wendel's 1-year total shareholder return stands at 2.95% and its 3-year total shareholder return at 26.71%, against a 5-year total shareholder return that is down 15.31%. The most followed narrative sets a fair value of €106.67, framing the current price as 26% undervalued, while the SWS DCF model estimates a value of €61.20 and flags the shares as overvalued. Concentration in non listed holdings and exposure to unhedged US dollar assets are cited as risks to the undervaluation case.
WendelAppointment of a Chief Product Officer is an executive/leadership change with no clear product-demand, financial, or regulatory driver stated
Taishin Financial Holding Co Ltd
