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Cardif Asset Management to become CamGestion

As of 6 April, Cardif Asset Management will become CamGestion, the wealth management specialist within BNP Paribas Investment Partners.

CamGestion has 12 years' experience, 50 employees, €8 billion in assets under management* and its positioning is unique: it has the autonomy, flexibility and responsiveness of a boutique, backed up by the strength of a major group. CamGestion, which was established in 1997 by the insurance company Cardif, became a partner of BNP Paribas Investment Partners in 2006. In recent years, CamGestion has built up a large client base, including IFAs, private banks and institutional investors for which the company develops customised investment solutions.

Many skills, unique wealth management

CamGestion has experts covering all the main asset classes. CamGestion fund managers implement collegial, conviction-based investment strategies and seek to achieve consistent performance while preserving an investor's principal.

Philippe Marchessaux, Deputy Managing Director of BNP Paribas Investment Partners and CEO of CamGestion, stated that “CamGestion's goal is to be the market leader in wealth management and complete BNP Paribas Investment Partners' range of skills.”

Philippe Forni, Managing Director of CamGestion, declared that “CamGestion has successfully built a high-quality offering in wealth management. In light of the many awards won by CamGestion, we are confident that we can achieve this objective.”

*at 31 December 2008