OFI AM expands in Germany & Austria
OFI Asset Management, Paris, and the Bremen Credit Bank, BKB Bank, have entered into a strategic partnership for the German and Austrian markets. The aim is to offer new, high-quality investment solutions with a focus on sustainable investments across all institutional customer groups – B2B and discretionary mandate business.
OFI is one of the largest institutional asset managers in France, with assets under management of €68bn. For more than 20 years, the company has committed itself to responsible investment. She is one of the largest independent asset managers for Socially Responsible Investments (SRI) on the French market. The Group has a comprehensive range of asset classes. It manages Ucits funds under French and Luxembourg law.
In Germany and Austria, both FCP funds and SICAVs are offered. OFI plans to register about 20 investment funds in the two countries. This is part of its internationalization strategy, which starts in the markets with the greatest growth potentials. The first seven funds are in the approval process.
Jean-Pierre Grimaud, CEO of OFI, said: “Germany and Austria have top priority in our international expansion strategy. BKB Bank has a very good, long-standing customer network, which will open the doors to investors.”
Nunzia Thiriot, head of Asset Management at BKB Bank, adds: “Sustainable investments are increasingly in demand among our customers. Here, OFI has an exceptionally good expertise. The strategic partnership is an important step for us to offer investors an attractive, diverse and well-managed portfolio.”