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Crédit Agricole S.A. and Société Générale finalise agreement to create a combined asset management group
Further to the preliminary agreement announced on 26th January 2009, Crédit Agricole S.A. and Société Générale today signed a final agreement to combine their asset management operations.
With €591 billion of assets under management, the combined entity will be ranked 4th in Europe and 8th worldwide . It aims to be:
the leading provider of savings solutions to the retail banking networks of the Crédit Agricole and Société Générale groups. With 50 million retail clients around the world, the new entity will be an undisputed European leader in this field and will be well positioned to form partnerships with other operators,
a multi-expert asset manager with a high-performance investment offering adapted to the requirements of institutional clients and backed by an extensive international network...