Netherlands-based Aegon Asset Management has entered into a strategic agreement with France-based La Banque Postale Asset Management (LBPAM) to develop and sell investment products.
As part of the partnership, LBPAM and Aegon Asset Management will together launch a range of investment products including international equity and multi-asset investment products.
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The agreement will see these newly launched products offered to La Banque Postale’s 11 million clients and to its growing institutional client base in France.
Aegon Asset Management CEO Sarah Russell said: "Our partnership represents a significant and exciting step in implementing our strategy to expand our broad range of services and solutions to clients internationally.
"We’ll be working closely with LBPAM to develop a range of products for the French institutional and retail market," Russell added.
In December last year, Aegon has agreed to acquire 25% stake in La Banque Postale Asset Management for EUR112.5m.
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By GlobalDataSubject to regulatory approvals, the deal is expected to close in mid-2015.
