Two France-based asset managers, CPR Asset Management (CPRAM) and BFT Investment Management (BFT IM) have completed their merger.
The consolidation was first announced back in May.
The new entity, which will retain the CPRAM name, will become the tenth largest asset manager in France with nearly €100 billion in assets under management.
The majority of the AuM is in thematic, quantitative, fixed income and money market management.
It will be led by current CPRAM chief executive Alice De Bazin, supported by her deputy at CRPAM, Arnaud Faller who will become deputy CEO and chief investment officer, and BFT IM chief executive Gilles Guez who has been named as deputy CEO and chief business development officer.
Alice de Bazin, Chief Executive Officer of CPRAM, said: “It is a source of great satisfaction to see this project completed in just a few months with the creation of this new entity,” said De Bazin.
