London, 4 May 2012

Dexia Asset Management (Dexia AM) today announced the opening of its London branch, which has been operational since 1 May 2012. The office will be located at Aldersgate Street in Central London and will be headed by David Kane, Head of UK Branch, responsible for Client Relationship Management in UK & Ireland. This opening is in line with Dexia AM's strategic objectives to continue the expansion of its business in Europe.

Naim Abou-Jaoude, CEO Dexia Asset Management, said:
"Our client-centric approach and broad diversification have  allowed us to remain a healthy and profitable firm despite the fact that we are in the process of being sold. Opening a branch in London has been a long-term goal for Dexia Asset Management and a strategic objective for 2012. The UK is an open  and diverse market, central to the fund management industry in Europe and this development will allow us to grow our presence in this market."

"David Kane, who has been with us servicing UK and Irish clients since 2008, will be leading these operations, and I am confident that with his knowledge of the fund management industry and of the UK and Irish markets we will be able to expand our network rapidly."

David has over fourteen years of experience in the asset management industry. He previously held several positions in institutional relationship management and business development, amongst others at State Street Global Advisors Ireland (formerly Bank of Ireland Asset Management) and at Kleinwort Benson Investors Dublin (formerly KBC Asset Management Dublin).  

David, said:
"This development will allow us to improve the service to existing clients, strengthen our ability to understand local market requirements and build on our established client network.

"Our ambition is to continue to develop our distribution partnerships with both Local and Global Fund Selection Units based in London and Dublin."

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About Dexia Asset Management
Dexia Asset Management is an asset manager specialized in financial analysis, fund management and institutional and private mandates. Dexia AM is a first-tier, pan-European player managing EUR 77.9 billion (as at end December 2011) in assets, distributed among a full range of investment vehicles, including traditional management, alternative management and sustainable management. Dexia Asset Management has management teams in Brussels, Luxembourg, Paris and Sydney and sales teams throughout Continental Europe, Canada, Australia and the Middle East. www.dexia-am.com

Press Release 2012