On 6th December, EFA signed an agreement with French bank Oddo & Cie.
Back to news list On 6th December, EFA signed an agreement with French bank Oddo & Cie. The aim of this strategic partnership is to offer an innovative solution to French Management Companies and their investment funds.
As part of the transaction, Oddo & Cie has transferred to EFA its administrative and accounting activities for French funds, encompassing 140 funds and mandates for more than 10 billion € of AuM.
Oddo & Cie has acquired a 5% stake in the share capital of EFA and Mr Philippe Oddo, Managing Partner of Oddo & Cie, will join the Board of Directors of EFA in Luxembourg.
The operational activities are lodged within EFA's French branch which comprises 18 staff and 240 funds and mandates worth 16 billion € in assets.
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