French asset managers La Banque Postale Asset Management (LBPAM) and Fédéris Gestion d’Actifs (FGA) have entirely merged on 30 April 2016.
The completion of the deal follows the agreement reached early 2015 between both parties.
The transaction brings LBPAM’s assets under management to €177bn. Former FGA’s strategies have been integrated to LBPAM’s fund range.
It will help LBPAM to build presence over the institutional segment.
The manager will also benefit from FGA’s expertise in private debt covering corporate, infrastructure and real estate sectors.