Diving Into A Rich Pool In Europe

The race is on in Europe's asset management industry

On Mar. 19, Hendrik van Riel, the European asset management chief for J.P. Morgan & Co., and Jacques Delmas-Marsalet, chairman of Banques Populaires Group, a consortium of French retail banks, shook hands on a historic bargain. J.P. Morgan will create and manage mutual funds that the French lender will sell to its 4.5 million customers.

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