Who we are
We are a leading European multi-specialist in conviction-based asset management, solutions and sustainable finance.
LBP AM is a leading asset manager in France and in Europe in the management of listed assets (investment in listed companies for over 30 years) and European private markets (financing of the real economy since 2012).
Our vision: as an asset manager, we believe that finance has a role to play in building a sustainable future.
Our promise: strong convictions, innovative solutions
Our raison d'être
Enhance financial, natural and human capital and support the sustainable transition of our clients
Key figures*
€74
billionin assets under management
350+
employees
4
Investment expertises
€36 billion
Institutional investors
€20billion
Private clients – LBP network
€16 billion
Distributors, multi-managers, fund selectors
€2 billion
Private asset management
*LBP AM and LFDE perimeter at 31/12/2024
Our values
Consistency
Act consistently in the interests of our stakeholders, clients and employees.
High standards
- Act with rigour and obtain results
- Help all our people achieve their full potential
- Adapt with agility
Initiative
- Facilitate risk-taking
- Drive change
- Foster the emergence of new ideas
Responsability
- Assume fully responsibility
- Embody the values we advocate
Team spirit
- Encourage cross-functionality
- Cooperate as a single team
- Value the contribution to collective projects
Our story
A journey spanning more than 30 years
Our story began in 1988 under the Sogéposte brand. At the end of the 1990s, the management company launched its first ethical funds, demonstrating a commitment to responsible finance that deepened in 2003 with the creation of a socially responsible investment (SRI) department.
Development in Europe
In 2015, Aegon Asset Management, a leading European shareholder, acquired a 25% stake in the company. This led to La Banque Postale Asset Management products being marketed in Europe for the first time.
Later that year, La Banque Postale Asset Management acquired 100% of Fédéris Gestion d'Actifs, a subsidiary of Malakoff Médéric. This acquisition enabled the company to strengthen its offering, particularly in corporate private debt.
100% SRI
In 2018, La Banque Postale Asset Management acquired Tocqueville Finance, a reputed boutique operator specialising in conviction management, particularly in the Small & Mid Cap and Value segments.
The company turned a new page in its history that year with the transformative decision to become 100% SRI by 2020. Two years later, the company duly realised this ambition, with all its open-ended funds having obtained the French government’s SRI label (“label ISR”).
In October 2020, La Banque Postale Asset Management sold its "vanilla" fixed income business to Ostrum, to concentrate on 100% SRI multi-specialist conviction management alongside its subsidiary Tocqueville Finance.
2023, a new chapter
In 2023, we embarked on a new path for our image and ambitions. La Banque Postale Asset Management is combining its strengths and resources under a new visual identity and a new name: LBP AM. This evolution affirms our attachment to our shareholder La Banque Postale and addresses several challenges: modernising, supporting our visibility, strengthening our model as a pioneering multi-specialist SRI manager and continuing our growth in France and in Europe.
Later in 2023, LBP AM acquired 100% of the capital of La Financière de l’Echiquier. This transaction created a key player in conviction-based asset management in France and Europe.