BFCM - CM-CIC ASSET MANAGEMENT AND MILLEIS BANQUE SIGNED AN AGREEMENT TO ACQUIRE FUNDS MANAGED BY MILLEIS INVESTISSEMENTS

Transparency directive : regulatory news

12/12/2018 17:49

Press Release CM-CIC Asset Management / Milleis Banque

CM-CIC ASSET MANAGEMENT AND MILLEIS BANQUE SIGNED AN AGREEMENT TO ACQUIRE FUNDS
MANAGED BY MILLEIS INVESTISSEMENTS

CM-CIC Asset Management, the asset management company of Crédit Mutuel
Alliance Fédérale, and Milleis Banque, a wealth management bank, have signed
an agreement for the takeover by CM-CIC Asset Management of assets managed by
Milleis Investissements, the asset management company of Milleis Banque. The
completion of the transaction remains subject to the prior approval of the
competent authorities.

"This transaction, which should be closed at the end of the first quarter of
2019, will enable CM-CIC Asset Management to increase its assets under
management in equity, bond and diversified mutual funds, but also to enhance
its offer of high-performance conviction funds in all markets for individuals,
wealth management and private banking markets. This takeover of assets will
also expand the scope of CM-CIC Asset Management's expertise provided to the
various Crédit Mutuel Alliance Fédérale entities, both in France and abroad,
and to the various external customer segments" explained Olivier VAILLANT, CEO
of CM-CIC Asset Management.

Nicolas HUBERT, CEO of Milleis Banque, states that "the sale of Milleis
Investissements' assets to CM- CIC Asset Management is perfectly in line with
Milleis Banque's strategy of focusing on the wealth management of the bank's
clients. After Barclays France sold its wealth management activities and
changed its name to Milleis Banque, we are actively pursuing the repositioning
of our banking and management services offer, both in terms of investment
products and real estate credit or asset engineering, for example. The sale of
assets managed by Milleis Investissements thus gives us the opportunity to
focus on our expertise in portfolio management and in the selection of the
investment products most suitable to the needs of our clients in France".

At the same time, CM-CIC Asset Management and Milleis Banque will set up a
commercial partnership to provide Milleis Banque's clients with access to a
selection of funds from the wealth management and private banking range managed
by CM-CIC Asset Management, including the funds acquired.

CM-CIC Asset Management in figures (on 30th October 2018):
CM-CIC Asset Management - more than 25 years of experience in asset management
- Assets under management EUR64.9 billion - 239 employees

The management company offers a wide range of funds and asset management
solutions on behalf of third parties, based primarily on the balance between
the search for performance and risk management.

CM-CIC Asset Management manages a complete portfolio for a wide range of
clients (institutional and major companies, asset management companies, private
individuals and wealth management clients, private banks, employee savings
plans) and has a renowned expertise in equity management (thematic and
benchmarked funds), interest rate management, diversified management and
formula funds. CM-CIC Asset Management is also active in the outsourcing of
administrative and accounting management for management companies external to
Crédit Mutuel Alliance Fédérale.

About Crédit Mutuel Alliance Fédérale*:

A leading European bank, renowned for its financial strength and the quality of
its ratios (Moody's Aa3, stable outlook, Fitch A+, stable outlook, CET1
solvency ratio of 16.3%, total ratio of 19.6% at 30 June 2018), Crédit Mutuel
Alliance Fédérale is very committed to its core business, "bancassurance" and
local services, and its mutualist values. It has gradually expanded to become a
global service provider: from insurance to factoring, asset management, rental
financing, telephony, telemonitoring, Lyf Pay electronic payment system, etc.

*Crédit Mutuel Alliance Fédérale gathers the federations Centre Est Europe
(Strasbourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie Mont-Blanc
(Annecy), Midi-Atlantique (Toulouse), Loire-Atlantique et Centre-Ouest
(Nantes), Centre (Orléans), Normandie (Caen), Dauphiné-Vivarais (Valence),
Méditerranéen (Marseille), Anjou (Angers). The Federation of Crédit Mutuel
Massif Central (Clermont-Ferrand) has announced its interest in joining the
group on 1 January 2020.

Crédit Mutuel Alliance Fédérale also gathers Caisse Fédérale de Crédit
Mutuel, Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries,
in particules CIC, Euro-Information, Assurances du Crédit Mutuel (ACM),
Targobank, Cofidis, Banque Européenne du Crédit Mutuel (BECM), CM-CIC Asset
Management, CIC Iberbanco.

About Milleis Banque:
Milleis Banque (formerly Barclays France) is a new actor in the banking sector
in France, which is keen to become the independent leader in wealth management.
By positioning itself as a "Bank of All Successes", Milleis aims to offer its
clients the best advice to help them make strategic investment choices that are
useful for their success. Milleis currently has a network of bank offices all
over the country. Officially launched in May 2018, Milleis is held by the
AnaCap investment fund, the leading European fund in the financial sector.

PRESS CONTACTS:
CM-CIC Asset Management :
Marketing and Communication Department:
Marie Hélène BOURGEOIS : +33153485386 - mariehelene.bourgeois@cmcic-am.fr

Milleis Banque : Judith TREHOREL : +33 (0)6 80 01 19 77 -
judith.trehorel@publicisconsultants.com

Crédit Mutuel Alliance Fédérale :
Frédéric MONOT : +33 (0)1 53 48 79 57 - frederic.monot@creditmutuel.fr

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21/10/2022 11:44

BFCM - CM-CIC ASSET MANAGEMENT AND MILLEIS BANQUE SIGNED AN AGREEMENT TO ACQUIRE FUNDS MANAGED BY MILLEIS INVESTISSEMENTS

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