The protection of financial operations is a major preoccupation of Groupama AM, and so the company has established a rigorous organizational structure, with an Audit department reporting directly to the CEO, and two other departments, the Financial Risks and Performance department and the Control and Legal department reporting to the Deputy CEO.
The Financial Risks and Performance department is responsible for monitoring and managing investment risks (financial management of UCI portfolios and asset management mandates) It is divided into two complementary entities, management control (compliance with the regulatory limits on investment considered as specifically applicable to the company) and risk management (control of financial management risks).
The Control and Legal department, for its part, oversees three complementary entities:
To ensure perfect application of the internal procedures and to cover the different types of risk, three committees have also been established:
This structured organization provides protection to operations and a clear view of the exposure of clients to risk.
The execution of each client order is subject to extremely strict in-house controls at Groupama Asset Management, with the aim of safeguarding and maximizing the results. The optimization policy is based on precise commitments:
This approach complies with the Markets in Financial Instruments Directive (MFID), which has been applicable since 1 November 2007.
With effect from May 2009, Groupama AM has established a policy that strictly excludes investment in companies known to be implicated in activities relating to controversial weapons. The activities concerned are the production, storage, distribution and sale of cluster bombs, as defined by the Oslo Treaty of 2008, anti-personnel mines, as defined by the Ottowa Convention of 1997 and depleted uranium weapons, which are banned by certain national legislations.
This policy of exclusion of controversial weapons applies to all the portfolios under management. Every time our internal list is updated, the update is communicated to all our management teams, to the risk teams for verifying effective exclusion and to the Compliance department.