French bank unveils multi-boutique model

Ridhima Sharma
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French bank unveils multi-boutique model

Crédit Mutuel Alliance Fédérale has launched its specialised asset management hub, Crédit Mutuel Investment Managers.

The creation of Crédit Mutuel Investment Managers is part of the 2019-2023 strategic plan ensemble#nouveaumonde, aimed at developing the asset management activity of Crédit Mutuel Alliance Fédérale for institutional, corporate and individual investors in France and Europe.

The decision to combine the sales and marketing support teams within Crédit Mutuel Investment Managers reflects Crédit Mutuel Alliance Fédérale's overall strategy to promote the investment solutions of its management entities through a ‘multi-boutique' model.

This structure gives investors access to a wide variety of asset classes managed by professionals who have recognised skills and expertise. Our prudent investment approach, which has proved its worth over the long term, is based on the great stability of the management teams, a focus on clients' interests, shared convictions for alternative management and the solidity of Crédit Mutuel Alliance Fédérale.

Daniel Baal, chief executive of Crédit Mutuel Alliance Fédérale, commented: "The creation of Crédit Mutuel Investment Managers reflects Crédit Mutuel Alliance Fédérale's asset management ambitions, the aim being to accelerate its development both for the benefit of clients of the Crédit Mutuel Alliance Fédérale networks and for external investors and distributors in France and abroad. Their combined expertise will enable us to fully satisfy investors' expectations."

The specialised hub is composed of the following partner entities: Crédit Mutuel Asset Management, BLI - Banque de Luxembourg Investments, CIC for structured product issues conducted by CIC Market Solutions, Cigogne Management, CIC Private Debt, and Dubly Transatlantique Gestion.

Guy Wagner, BLI - Banque de Luxembourg Investments', managing director, explained: "The multi-boutique model allows us both to remain true to our proven, long-term oriented methodology based on active management and to offer our clients a range of complementary investment solutions to which they might not otherwise have had access."

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