SocGen breaks up management business

Hua, Thao
February 2009
Pensions & Investments;2/9/2009, Vol. 37 Issue 3, p18
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.


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