La Banque Postale AM to work closer with Fédéris Gestion d’Actifs

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French La Banque Postale and Malakoff Médéric, French company specialised in health insurance, have announced that their assets management subsidiairies, La Banque Postale AM and Fédéris Gestion d’Actifs, will work closer in the near future.

The deal would enlarge the range of products of both assets managements, especially in SRI funds, they said.

As a goal, La Banque Postale AM also expects to develop its assets management activity in mutual funds. The deal is to be concluded at the end of the first quarter of 2015, and would take effect by the end of 2015. La Banque Postale AM, managing €170bn of assets, and Fédéris Gestion Actifs, managing €26.1bn, would together become the fourth biggest institutional investor in France.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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