Finance
LFDE finalises tie-up with Tocqueville Finance
La Financière de l’Échiquier (LFDE) has finalised its merger with Tocqueville Finance, the equity management subsidiary of La Banque Postale AM (LBP AM).
The deal, which follows the acquisition of LFDE by LBP AM in July 2023, marks ‘the emergence of a European leader in conviction management’, according to a group spokesperson.
With €27bn in assets under management and a management team of 55 managers and analysts, LFDE wants to focus on conviction management, particularly in European equities.