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  1. Wealth
January 26, 2009

Credit Agricole, Societe General merge AM units

By Spear's

Crédit Agricole and Société Générale are to combine most of their asset management operations into one new unit which will become the fourth largest asset manager in Europe and the ninth biggest in the world with a presence in 37 countries, and core regional centres in France, the UK, North America, Japan, Hong Kong and Singapore.

Crédit Agricole and Société Générale are to combine most of their asset management operations into one new unit which will become the fourth largest asset manager in Europe and the ninth biggest in the world with a presence in 37 countries, and core regional centres in France, the UK, North America, Japan, Hong Kong and Singapore.

The new entity will combine the entirety of CAAM group, the asset management arm of Crédit Agricole and the European and Asian activities of Société Générale’s asset management business, SGAM, as well as 20 percent of TCW its asset management subsidiary in the United States.

For further details visit thewealthnet

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