FRANCE – Paris based Natexis Banques Populaires (NBP) has launched a new multi-management and investor services specialist subsidiary Asset Square, to supplement the products offered by NBP’s subsidiary, €50bn Banque Populaire Asset Management.

Asset Square’s product range will be available to all institutional and retail investors and will be managed through fund of funds and multi-manager funds.

It will have a UCITS dedicated product range and its launch is in line with the growth of the multi-management business across Europe and the widening of UCITS to all client areas, says NBP.

France will be the new company’s initial target area, with Germany, Italy and the UK, among other European markets, being covered by next spring.