FRANCE - Natexis Banques Populaires has widened its investment management offering with the launch of a new subsidiary for collective investment in transferable securities (UCITS).
The new company, Asset Square, supplements the products offered by Banque Populaire Asset Management and specialises in multi-management and investor services, both institutional and retail.
Natexis said the launch of the company is in line with the growth in multi-management on the European market and the widening of UCITS to all client segments. The firm’s services are designed for European business-to-business investors.
Asset Square’s analysis department covers all UCITS marketable in France and European investment managers. The products developed and monitored by the company are managed through funds of funds and multi-manager funds.
The company is divided into multi-management analysis, marketing and financial services, banking technology and database services.
Asset Square will launch its first multi-managed product range, together with the roll-out of its first investor services for the French market. Other European markets, including Germany, Italy and the UK, will be covered in the first quarter of 2002.
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