FRANCE/UK – Paris based Natexis Banques Populaires (NBP) and London based Goldman Sachs Asset Management International (GSAMI) have signed a cooperation agreement to consolidate their respective positions in the multi-management market.

According to the terms of the agreement, which are designed to lead to a close relationship between NBP’s Paris and London based subsidiary, Asset Square and GSAMI, the two companies plan to maximise their respective multi-manager skills and distribution networks.

In addition, Asset Square, will be able to complete its range of multi-manager products and gain market share as a result of working with GSAMI’s multi-management team, whilst GSAMI will have an opportunity to accelerate the development of its multi-manager business in France, a market that GSAMI believes will continue to show strong growth.

Says Martin Taylor, chairman of GSAMI: “This cooperation will bring together our two groups’ strengths in product structuring, analysis and distribution, and will offer us unparalleled access to both the French retail and institutional markets.”