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Business expansion prompts CAAM London relocation

The London branch of Crédit Agricole Asset Management (CAAM) has moved to new, larger offices in the City of London at 41 Lothbury, EC2.

CAAM London Branch manages over GBP 34 billion of assets of which GBP 10.6 billion in benchmarked Global Bond portfolios, GBP 16.3 billion in 'cash-plus' or target return portfolios and GBP 7.2 billion in currency overlay (as of 31/12/2005). As a result of its fast-paced development, CAAM London has increased the size of its team from four investment professionals in 1999 to 19 today.

'We are delighted to have relocated to these new, larger premises in the heart of the city and the move reflects our rapid expansion," says Bruno Crastes, CEO and CIO of Crédit Agricole Asset Management (CAAM) London Branch. "Assets under management have significantly increased since CAAM's entry into the UK in 1999. 41 Lothbury is a former banking headquarters, combining the classic style of the original lobby with modern and spacious offices and meeting rooms above, providing an ideal base from which to further grow our business.'

Background notes: The Crédit Agricole Asset Management group (CAAM group) has EUR 479.3 billion total assets under management (as of 31/12/2005) and more than 2,000 employees including 530 investment professionals dedicated to portfolio management. CAAM group leads the French mutual funds market and is currently one of the top five asset managers in Continental Europe. It has developed a broad range of skills and local operational units, with eight management centres worldwide (Paris, London, Milan, Madrid, Hong Kong, Singapore, Tokyo and Seoul).

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