France

FRANCE/CHINA - SG Asset Management (SGAM) has become the latest investment house to be lured by China's potentially massive savings industry.

FRANCE - French banking group BNP Paribas has issued a Q2 profits warning, less than two weeks before it presents its full results. The group cited "exceptional turbulences currently affecting financial markets" as the reason behind the move. Net income...

FRANCE - Henderson Global Investors has appointed Christophe Leroy as marketing and sales manager.

FRANCE/SPAIN - BNP Paribas España is set to boost its presence in the European private pensions market following the acquisition of JPMorgan Chase's Spanish asset management and private banking businesses.

FRANCE - Multi-manager firm SEI Investments has finalised its Paris office following its recent buyout of CCF's stake in the joint venture.

FRANCE - France's Socialist Party would oppose the creation of private pension funds if reelected in June's legislative elections, according to the party's manifesto published this week.

FRANCE - JPMorgan Investor Services has appointed Bank of New York's (BoNY) Frederic Mariette to the role of sales executive for France, effective immediately.

FRANCE - Economic activity in France probably bottomed out in December 2001 and disinflation is in progress, according to the latest market commentary from CDC Ixis Asset Management.

FRANCE - The EUR535m Caisse de Retraite et de Prévoyance des Clercs et Employés de Notaires - the pension fund for employees of legal practices - has hired Credit Lyonnais Asset Management to run a EUR100m balanced mandate.

FRANCE - BNP Paribas posted robust profits for 2001, putting its resilience to choppy markets largely down to good cost and risk controls.