BaFin clears Oddo acquisition of Meriten

BaFin, the German financial regulator, has cleared the acquisition of Meriten Investment Management by Oddo & Cie, leaving the way forward to create  the €45bn Franco-German Oddo Meriten Asset Management.

The new manager will have some 55% of its clients in Germany, 37% in France and 9% in other markets – of which 76% are institutional investors and 24% third party distributors.

The new unified manager will offer capabilities across all main asset classes. Currently some €17bn of assets are in fixed income, €8bn in equities, €9bn in asset allocation,€2bn in convertibles, €6bn in systematic strategies, and €3bn in “other”.

The manager’s investment centres will be Paris and Düsseldorf, with offices in Milan, Geneva and Singapore.

In Paris, Nicolas Chaput becomes global CEO and co-CIO of Oddo Meriten Asset Management while Werner Taiber, based in Düsseldorf, becomes global deputy CEO in charge of Sales Development.

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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