News: CAAM sets high target for non-French assets.

(From European Pensions & Investments News)

Byline: Liam Kennedy

The newly-merged Credit Agricole Asset Management (CAAM) intends to increase its non-French assets under management threefold by 2008, according to Paul- Henri de La Porte du Theil, CAAM's recently appointed deputy chief executive.

CAAM has also set itself the target to become the largest provider of new PERP and PERCO pension savings products in the domestic market.

The merger of CAAM with Credit Lyonnais Asset Management, approved by the French Autorite des Marches Financiers, will initially create a group with a combined E311.4bn under management, of which the former …