Back Office & Operations Mergers & Acquisitions / Joint Ventures

Dexia puts its asset management arm up for sale

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Dexia Asset Management, an asset manager that runs one of the largest numbers of absolute return UCITS strategies, is being sold following a government bail-out of its banking parent earlier this month.

The Dexia group has started the disposal process of certain of its group’s operating entities after the troubled Franco-Belgium bank received an emergency government-funded bail-out earlier this month.

Dexia Asset Management, which manages more than 10 absolute return UCITS funds, has been put up for sale along with Turkish bank subsidiary DenizBank. Prior to the sale Dexia Bank Belgium’s 49% holding in Dexia AM will be transferred to