Societe Generale Asset Management Sells Its UK Management Subsidiary To GLG Partners

Socit Gnrale Asset Management, (SGAM), complets the sale of its London based asset management subsidiary, (SGAM UK), to GLG Partners Inc. (GLG). This transaction has been approved by the regulatory authorities. The transaction has been achieved through the sale to

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Socit Gnrale Asset Management, (SGAM), complets the sale of its London-based asset management subsidiary, (SGAM UK), to GLG Partners Inc. (GLG). This transaction has been approved by the regulatory authorities.

The transaction has been achieved through the sale to GLG of SGAM’s shares in SGAM UK. GLG will ensure the continuity of the funds and mandates previously delegated to SGAM UK.

Socit Gnrale Asset Management, subsidiary of the Socit Gnrale Group, has €269 billion of assets under management as at December 31, 2008.

SGAM’s covers all asset classes: equities, fixed income, balanced, and alternative investment; an access to all types of investors: institutions, distributors, corporates and individuals, all of whom benefit from SGAM’s leading edge expertise and a local service. Thanks to cross-selling, a focus on quality and constant innovation, SGAM has developed value-added management solutions tailored to clients’ specific needs and which optimize performance and risk control.

D.C.

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