Allianz Dresdner merges French firms
FRANCE - Allianz Dresdner has merged its French asset management operations into one entity in order to strengthen its market position.
The new entity, AGF Asset Management, has now started trading and has nearly EUR54bn under management, making it one of France's largest fund managers.
Allianz claims the two former organisations have each contributed their respective strengths in terms of size, expertise and customer approach to the new firm.
According to Allianz, the merger of AGF with Dresdner RCM Gestion will initially involve a lease-management arrangement for Dresdner's activities, followed by the merger of the two firms. The merger is part of AGF's plans to become a global financial services group, encompassing life insurance, banking services and asset management.
By Geoffrey Ho
Latest stories
Strengthening TPR's powers in corporate events will require extra resources, warns industry
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva launches pension valuation Amazon Alexa app
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
Updated: Key dates for pensions in 2018
PP has compiled a list of what to watch out for over the coming months.
Regulatory cooperation needed post-Brexit to combat EU-based scammers, says PMI
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Most read
