La Française has finalised the acquisition of Veritas Group enhacing the group's product line with 11 additional securities funds.
The operation, already approved by the German Federal Financial Supervisory Authority (BaFin), implies that La Française will have from now on investment teams located in Frankfurt and Hamburg - in addition to Paris - providing securities and real estate asset management services.
Veritas Investment GmbH, as a fully integrated entity of La Française, is rebranded La Française Asset Management GmbH, and Veritas Institutional, as an affiliate of the group, maintains its current identity.
"With this acquisition we have reached a turning point. Today, La Française has two domestic markets, France and Germany, the latter represents close to €8bn in assets as of the end of December 2018 and 12% of total group assets under management," says Patrick Rivière, managing director of La Française.
The French firm has now 48 professionals in Germany (portfolio management, real estate investment, back-office, administration, client services, communication, marketing and sales) and three investment centers servicing three market segments:
• La Française AM (formerly Veritas Investment), based in Frankfurt: quantitative equities, listed real estate & infrastructure investments for retail investors;
• Veritas Institutional, based in Hamburg: quantitative multi-asset investment solutions, that integrate [email protected], for institutional investors;
• La Française Real Estate Partners International, based in Frankfurt: a full real estate investment management offer
In addition, La Française offers a wide range of real estate investment solutions to investors across the globe. The firm has been active on the German real estate market since 2015.