INTERVIEW-Credit Agricole fund arm looking to enter India
HONG KONG, July 21 (Reuters) - The fund arm of Credit Agricole aims to more than double within three years assets of 15 billion euros ($23.81 billion) now under its management in the Asia Pacific region, a senior official said on Monday.
Credit Agricole Asset Management (CAAM) is also actively looking for opportunities to enter the Indian market, and would most prefer to do so through a joint venture, added Jean-Paul Mazoyer, the firm's head of strategy and development.
The French investment manager is launching operations in Malaysia within the next few weeks, and will soon upgrade its representative office in Australia into a full-fledged operation, he said.
"Our development plan for the international network of CAAM is to double AUM (assets under management) in the coming three years .... obviously in Asia we need to more than double," he told Reuters in a phone interview. ($1=.6301 Euro) (Reporting by Jeffrey Hodgson; Editing by Clarence Fernandez)
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