|
|
Article: Caisse d'Epargne gets foot in the door.
- Article from:
- Financial News
- Article date:
- February 29, 2004
CopyrightCOPYRIGHT 2004 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Samer Iskandar in Paris
It is not often that one of Europe's 10 biggest asset gatherers builds a new fund management operation almost 200 years after its creation, but this is what Caisse d'Epargne is doing.The French savings bank will take over the operations of CDC Ixis Asset Management in July as part of an agreement reached last year with the state-owned Caisse des Depots et Consignations (CDC) to take control of two joint ventures: Ixis, the investment bank and asset manager, and Eulia, a commercial bank.
Caisse d'Epargne's recent appointment of American Peter Voss as head of CDC Ixis AM was the first indication of significant change at one ...