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Dexia agreed a rescue deal on Monday that will include the nationalisation of its Belgian banking division and the sale of BIL. Luxembourg is likely to take a minority stake in BIL, which specialises in wealth management , although the size of that.

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“The participation of Dexia Banque Internationale à Luxembourg in Dexia Asset Management Luxembourg and RBC Dexia Investor Services Ltd. will be disposed of separately,” Dexia said. “The portfolio of legacy securities of Dexia Banque Internationale.

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Dexia AM prend un nouveau départ sous pavillon américain et devient Candriam -
Avec son nouveau nom, l'ex-filiale de gestion d'actifs de Dexia "n'a plus le poids de l'histoire et du processus de vente", a ajouté son patron. Candriam --pour "Conviction and Responsability in Asset Management "-- "symbolise nos valeurs fondamentales.