Giovanni Perissinotto

Andrew Hill

Les Echos, the French financial journal, begins its tribute to Antoine Bernheim, who died this week aged 87, by describing him as a “véritable Talleyrand” of business. So it’s worth asking, as Metternich reputedly did when news of the wily French diplomat’s death reached him: “What do you think he meant by that?”

Bernheim had been entrenched at the centre of a network of French and Italian finance for so long and with such influence that it is tempting to assume that his passing means the whole edifice is in jeopardy. Tempting, but, alas, wrong.