One of the world’s largest asset managers, Crédit Agricole, has announced it is expanding its presence in Canada, focusing on institutional clients in Quebec, Ontario, British Columbia and Alberta.
The company’s Canadian division, CAAM Canada Inc., is currently based out of Montreal with an office in Toronto.
“Expanding its presence in Canada underscores the group’s commitment to the country, as well as its confidence in the local asset management sector,” said Louis Fortin, president and managing director of CAAM Canada Inc.
The company stakes its reputation on tight risk controls, with demand growing for transparency and loss-prevention.
The parent company operates in 20 countries across Europe, Asia-Pacific, North America and the Middle East, and claims expertise in international bonds, credit, emerging and global equities, active foreign exchange management and absolute performance.
“We are renowned for our expertise in a number of areas and our resolutely innovative approach is centred on our rigorous and transparent asset management processes,” Fortin says.
Prior to joining Crédit Agricole, Fortin was vice-president and director, senior relationship manager, at TD Asset Management.
Crédit Agricole, known to cycling fans as a long-time sponsor of a Tour de France team, is the 11th largest asset manager in the world, and the sixth largest in Continental Europe, with assets valued at C$752.5 billion, as of December 31, 2008. The group has over 2,265 employees, including 554 investment professionals.
(05/13/09)
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