GERMANY - Crédit Agricole Asset Management (CAAM) has announced the opening of a new branch office in Frankfurt to specifically cater for the German and Austrian markets as part of renewed efforts to expand into the heart of Europe.
CAAM, which has over €565bn (US$808bn) under management, stated it wished to grow faster than the rest of the market through expansion and the move into the Germanic territories was a key part of this.
Paul Henri de La Porte du Theil, deputy chief executive, CAAM, said: “The opening of CAAM Deutschland is a clear signal of our wish to be closer to our clients and establish a lasting footprint in Germany and Austria.”
As previously reported, over the summer CAAM reshuffled its Italian operations to boost competitiveness and in January opened an office in Sydney to strengthen its position in the Australian and New Zealand markets.
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