IE Staff
(September 14 – 10:00 ET) –
Laurentian Bank of Canada
is getting back into the mutual
fund business. It has announced a
joint-venture with Paris-based
mutual fund manager, Compagnie
Financière Edmond de Rothschild
Banque. As a result it will be
marketing of a new family of global
funds.
Michel Cicurel, chairman of
Financière Edmond said the deal
gives his firm a foothold in the
North American institutional
market. It currently manages about
$10 billion, with offices in
France, England, Spain, Switzerland
and Italy. The firm is the merchant
banking subsidiary of the Edmond et
Benjamin de Rothschild Group.