Former City Correspondent

Dexia Asset Management, owned by the Franco-Belgian banking group, increased its assets under management by 6.7%, to €72.8bn ($81.3bn) in the second quarter after winning 15 new institutional mandates during the three-month period.

More than 70% of the €4.6bn increase in assets under management was a result of the recovery of global markets, but €1.3bn was added from the new institutional mandate wins and the success of the firm's life insurance products distributed by Dexia Insurance and DVV.

Institutional wins help Dexia grow assets by 6.7% in second quarter

Ben Wright

Dexia

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