Lyxor, the asset management arm of Société Générale  Group, has unveiled a new organisation and its plans to grow its assets under management (AUM) by 50% by the end of 2018.

The firm, which manages and advises on €96bn of assets, has created three business lines – ETFs and indexing, absolute return and solutions, and alternatives and multi-management.

Lionel Paquin, CEO of Lyxor, said that under the new structure the firm will remain a strategic asset for Société Générale as part of its investment solutions offering.

“By grouping all our investment specialists into three centres of expertise, thereby focusing on each of Lyxor’s recognised strengths, Lyxor is now fully geared to meet the growing client need for expert and tailor-made investment solutions,” said Paquin.

Lyxor will pursue an ambitious ETF growth plan in Europe with strategic initiatives in Asia and will continue to concentrate on the leading performance and liquidity of its ETF range. The firm said that Lyxor ETF has grown its AUM by 25% in the last 2 years to reach €38bn and that it will also strengthen its smart beta offering, which stands at €8bn of AUM.

Paquin also said that its active management teams, which already manages €15bn in tailor-made solutions, will focus on absolute return programmes and customised solutions.

In addition, the firm will also expand its multi-management capabilities in hedge fund managed accounts to the field of mutual funds. Lyxor has €11bn of assets under advisory and offers access to more than 250 mutual funds across all markets and asset classes.

The move follows the recent listing of the first collateralised exchange-traded commodities (ETC) on the Italian stock exchange via ETFPlus. The new ETC range includes products tracking gold and oil in long, short and long euro hedged daily versions and also includes structures with leverage factors of +3x and -3x daily.

SRP data shows that Lyxor has marketed 128 structured funds across jurisdictions since 2004 of which 21 are still live, including eight structures in France, five structured funds in Hong Kong and four in Japan and Singapore.

Lyxor has also featured as a third party provider of 269 funds since 2001, of which 70 are still live including 63 structured funds in France, two in Italy and Malta respectively, and one apiece in Germany, the Netherlands, Czech Republic and Greece.

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