MONTREAL, May 13 /CNW Telbec/ - Crédit Agricole Asset Management Group
(CAAM Group), the world's eleventh-largest asset management company(1) with
assets under management of $ 752.5 billion(2) CAD (at 31 December 2008) is
continuing to build on its presence in Canada by expanding in Quebec, Ontario,
British Columbia and Alberta. The group's Canadian subsidiary, CAAM Canada
Inc., is looking to benefit from the potential of the Canadian market and to
develop its local client base.
An extensive presence in the Canadian market will give a new impetus to
the group's activities in the country, which have been developed over a number
of years, and strengthen its close ties with Canadian investors. Via its team,
CAAM Canada Inc. is aiming to develop its commercial relations with
institutional clients and distributors in Canada.
The Canadian market is seeing a growing demand for innovative products,
backed by tight risk controls. Due to its expertise in international bonds,
credit, emerging and global equities, active foreign exchange management and
absolute performance, CAAM Canada Inc. offers innovative and original
solutions that enable it to meet the specific requirements of this market.
Louis Fortin, President and Managing Director of CAAM Canada Inc.,
comments: "Expanding its presence in Canada underscores the group's commitment
to the country, as well as its confidence in the local asset management
sector. We are renowned for our expertise in a number of areas and our
resolutely innovative approach is centred on our rigorous and transparent
asset management processes. We shall continue to build on our presence among
institutional clients in Canada via our offices in Montreal and Toronto, by
offering high quality, innovative products and effective local support."
Before joining CAAM Canada Inc. Mr. Fortin was Vice President and
Director, senior relationship manager, at TD Asset Management. Prior to this,
he held a variety of positions in institutional sales and portfolio management
at Investors Group, Samsara Capital, Goldman Sachs and Fimat.
(1) Source: Global Investor, data at June 2008, September 2008 edition
(2) Bank of Canada rate at 31 December 2008
About Crédit Agricole Asset Management Group (CAAM Group)
CAAM Group is the Crédit Agricole Group's asset management holding
company. With assets under management of $ 752.5 billion(1) CAD at 31 December
2008, CAAM Group is one of the top six asset managers in continental
Europe(2). It is also No. 1 in Europe(3) and No. 1 in France(4) in fund
management. The Group has over 2,265 employees, including 554 investment
professionals. CAAM Group's subsidiaries have developed a comprehensive range
of investment products for:
- the regional banking networks of Crédit Agricole, LCL and the Crédit
Agricole Group's international retail banking subsidiaries, and
- institutional investors, large companies and third-party distributors,
in France and abroad.
CAAM Group has operations in over 20 countries in Europe, Asia-Pacific,
North America and the Middle East.
(1) Bank of Canada rate at 31 December 2008
(2) IPE - Top 400 European Asset Management Leaders, data at
December 2007, July 2008 edition
(3) Lipper - Mutual Funds registered in Europe - December 2008
(4) Europerformance, fund management - December 2008
For further information:
For further information: Crédit Agricole Asset Management Canada Inc.:
Louis Fortin, (514) 982-2900, firstname.lastname@example.org; Crédit Agricole Asset
Management Group: Candice Chetrit, + 33 (0)1 43 23 79 58,