Lyxor Asset Management has bolstered its presence in Germany by finalising the combination of its €16bn business with Commerzbank’s asset management activities.
The move follows the acquisition of Commerzbank’s equity markets and commodities (EMC) business by Lyxor parent Societe Generale last year.
As part of the integration, Lyxor opened a new asset management branch in Frankfurt that will operate under the name Lyxor International Asset Management SAS Deutschland (Lyxor Deutschland).
The new branch will manage Lyxor’s active and passive investment operations in Germany as well as Commerzbank’s EMC asset management business including the ComStage ETF range.
It aims to leverage Commerzbank’s set-up and local expertise to further strengthen its investment solutions portfolio.
The expanded portfolio will include low-cost ETFs, ESG solutions along with smart beta and fixed income products for institutional and private investors.
The integration is also expected to expedite client services in Germany and Austria and increase liquid investment opportunities.
Lyxor Deutschland will be jointly led by Guillaume de Martel and Thomas Timmermann.
Lyxor Asset Management CEO Lionel Paquin said: “Thanks to our combined strengths, our shared client-oriented culture and our common vision of asset management, we are building an even stronger asset manager, right at the heart of Europe.
“With a platform founded on ETF expertise and innovation, active asset management and a deep understanding of the German retail market, I am convinced that together we will be even better placed and better equipped to support our clients as their needs evolve.”