Future unclear for Asian operations of SGAM, CAAM
Working groups are being set up to iron out the details of the merger and its impact on businesses in this region.
It has been a few days since the announcement of a merger between the asset management businesses of Societe Generale and Credit Agricole, but the fate of the Asian operations of the two French fund houses is still unclear.
A spokeswoman for Credit Agricole Asset Management (CAAM) in Hong Kong says "working groups are in the process of being set up" to deal with the details of the merger. It is premature to answer questions regarding the impact of the merger on the Asian operations o…
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