Paris, 26 February 2008

Jean-Louis Juchault and David Obert, co-founders of hedge fund manager Systeia Capital Management, have sold their 22 per cent stake in the company, thus exercising the put option granted when they set up Systeia in December 2000.

As a result, Systeia Capital Management is now a wholly-owned subsidiary of Crédit Agricole Asset Management (CAAM).

Systeia Capital Management's supervisory board today appointed a new management team composed of :

• Andrew Watson, Chairman of the Executive Board
• Emmanuel Bourdeix, Member of the Executive Board
• Frédéric Fouquet, Member of the Executive Board