OFI AM takes stake in French investment advisory firm
French asset management group OFI AM has announced it has purchased a 34% stake in Groupe Crystal, a Paris-based company that provides investment advisory services and distributes investment solutions to French residents and expatriates.
This move enables OFI to implement its multi-channel distribution strategy towards retail investors.
OFI AM already distributes its retail investment solutions through the networks of its shareholders Macif and Matmut as well as through insurance life solutions.
At the same time, Groupe Crystal has acquired one of the largest French IFAs’ networks Expert et Finance.
Groupe Crystal serves over 35,000 clients of which 5,000 are based outside France.
OFI AM had €68bn of assets under management as of end of March 2017.