Lyxor unveils growth plans in business restructure

Lyxor Asset Management has restructured its business into three areas in an effort to achieve an ambitious growth objective over the next three years.

The French firm, owned by Societe Generale Group, plans to increase its assets under management by 50% by the end of 2018 to stand at €150bn (£119bn). It will do so by dividing the business into three strategic lines: ETFs and indexing; absolute return and solutions; and alternatives and multi-management. Previously, the firm's structure was not clearly divided, but increased regulatory pressures and a more difficult investment environment have made it more important to focus its product offering, the group said. Lionel Paquin (pictured), CEO of Lyxor, said: "Our ambition is to he...