SocGen’s Romanian subsidiary BRD to acquire Patria Bank’s asset management division
BRD Groupe Société Générale, through BRD Asset Management, has signed an agreement with Patria Bank for the acquisition of 99.9944% of Patria Asset Management, according to a press release. The transaction is subject to approval by the…
iulian ernst · Journalist
· Updated · 2 min read
BRD Groupe Société Générale, through BRD Asset Management, has signed an agreement with Patria Bank for the acquisition of 99.9944% of Patria Asset Management, according to a press release. The transaction is subject to approval by the competent regulatory authorities.
Patria Asset Management is a subsidiary of Patria Bank specialised in the management of investment funds. At the end of February 2026, the company had total assets under management of RON 1.16 billion (EUR 220 million). Its assets surged more than twentyfold over the past five years, driven mainly by the development of ETF-type funds listed on the Bucharest Stock Exchange.
