Marcel Nicolai explains the decision-making process at France's largest institutional investor
With Ffr250 bn ($50 bn) in global assets (excluding its real estate investments), Union des Assurances de Paris, better known as UAP, is France's number one insurance group and the country's leading institutional investor - accounting for approximately 4 per cent of the total capitalisation of the French stock market.
Aside from its standing in its home market, UAP also ranks as the second largest insurance group in Europe and has interests in around 60 countries worldwide, including Sun Life
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