Lyxor Could Be Sold Off
Posted on 09/22/2020
In a bid to shore up finances, French banking giant Societe Generale is looking to sell Lyxor Asset Management, an asset management unit. Societe Generale hired Citigroup to oversee the sales process.
At the end of June 2020, Lyxor oversees €132 billion euros in assets under management. Exchange-traded funds (ETF) make up nearly half of Lyxor’s business. Lyxor also sells smart beta products.
In September, Lyxor appointed Florence Barjou as chief investment officer, replacing Guillaume Lasserre.