French boutique Dorval Finance has become Dorval Asset Management. This rebrand highlights the company’s new strategic directions.
It said “the word ‘finance’, which connotes credit institution abroad, is meaningless once the company goes international” and that ‘asset management’ was better reflecting its ambitions.
Dorval AM, which has a strategic partnership with Natixis AM, unveiled plans for expansion in Europe targeting private wealth clients, independent financial advisers and institutional investors.
The asset manager will rely on both Natixis Global Asset Management’s global distribution platform and the banking networks of Groupe BPCE (Banque Populaire Caisse d’Epargne).
Dorval Convictions and Dorval Manageurs Europe strategies which are already marketed in the French-speaking territories of Belgium, Switzerland, and Luxembourg, will be gradually extended throughout Europe in 2016, starting with the Italian market.
Dorval had €688m of assets under management at end 2015 and targets €1bn AUM in 2017.