Annual report 2005 - Dexia.com

DexiaServices financiers au secteur public, financements de projets et rehaussement de créditIt did not take ten years for Dexia AssetManagement to become a leading assetmanager on the European market.Through the scope of its range, first of all: the financialanalysis and management company of the Dexia Group,created in 1998 and strengthened in 2001 by the purchaseof Cordius Asset Management, has moved from a nichepositioning to one covering the entire range of investmentsupports, for institutional and private clients. Then interms of credibility, since Dexia Asset Management isrecognized as one of the best managers on the market.Finally by the amount of assets under mandate, reachingEUR 91 billion at year-end 2005. The foundation of thissuccess: an organization which combines the centralizationof management activities (in Brussels, Paris, Luxembourgand Sydney) and a decentralized marketing network,gradually extended throughout Europe and Asia, so as tooffer tailor-made services to clients whilst controlling costs.Another key factor rests in the investment process, at thesame time modeled, objective and innovative, in phasewith the evolution of the markets. Indeed, beyond its skillsin traditional management, Dexia Asset Managementis among the pioneers of alternative management, andabove all sustainable management. Involved since 1998in this activity of the future, the subsidiary today offersthe widest range of socially responsible investment (SRI)funds in Europe. “Money does not perform. People do”– money is nothing without the talent of people. The Dexiamanagement company owes its success above all to thevalues which have been its guiding light since it came intobeing!82