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Crédit Mutuel Alliance Fédérale pivots to multi-boutique model

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Crédit Mutuel Alliance Fédérale has said it aims to gather all its third-party asset management structures under one roof.

The firm said it was looking to draw on the strengths of each structure and require the pooling of support functions around a single framework and a common holding company. It said that distribution will be carried out by two distinct structures, with teams covering all its asset management companies.

The two structures are Crédit Mutuel Investment Managers, which will focus on internal clients of the group’s network banks as well as corporate clients and employment/pension savings plans, and La Française Finance Services, which will focus on external clients in France, namely institutional and international clients.

The overall objective of the firm, it said, is to become a major player in the French asset management landscape: the sixth largest French player with €160bn under management; locations across Europe; a presence in Asia; and a wide range of expertise covering listed assets, real assets, and alternative management.

In terms of asset management expertise, Crédit Mutuel Alliance Fédérale said its objective is to strive for the greater specialisation of each asset management structure by drawing on the predominant and complementary expertise of each. It said that this business-development oriented approach should allow the group to maximise cross-selling, strengthen visibility, and optimise the resources allocated to each expertise.

This specialisation would include a responsible and sustainable investment strategy common to all asset management companies. It said it was prioritising this strategy in terms of investment and development, and that it fit perfectly with its values.

Crédit Mutuel Alliance Fédérale says it is one of France’s leading financial firms, with over 75,000 employees across 4,500 branches.

Pete Carvill

Pete Carvill is a reporter, writer, and editor based in Berlin who has been writing for the B2B and mainstream media since 2007. He is a contributing writer for Expert Investor and, in addition, has...

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