Lyxor to receive 49% stake in Fortune SGAM

May 19, 2010

The transfer from Société Générale Asset Management will ensure compliance with Chinese ownership rules and allow Lyxor to operate on the mainland for the first time.

Société Générale Asset Management is to transfer its 49% stake in its Chinese fund-management joint venture, Fortune SGAM, to SG Corporate and Investment Banking (SGCIB) subsidiary Lyxor Asset Management.

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