TITLE

SocGen breaks up management business

AUTHOR(S)
Hua, Thao
PUB. DATE
February 2009
SOURCE
Pensions & Investments;2/9/2009, Vol. 37 Issue 3, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that a year after the trading scandal that cost Societe Generale SA $6.4 billion and ushered in a dramatic overhaul of the global financial industry, the bank's fund management division is itself being dismantled. Societe Generale Asset Management's European and Asian operations as well as 20% of TCW Group Inc. will merge with Credit Agricole Asset Management, according to a preliminary agreement announced in January.
ACCESSION #
36857002

 

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