Philippe Havaux

Delen is an active manager with a conservative investment strategy and a long-term outlook. Their investment approach is top-down, and investment decisions are team-based. The bank's own assets are invested in government bonds and similarly safe securities. Their clients' assets are invested in balanced portfolios, diversified across asset classes and sectors to limit risks. Equity investments target high-grade stocks. Their overall vision of portfolio construction consists of a gradual build-up over time, taking advantage of market opportunities.