Weathering the storm

The Behemoth of French financial services Société Générale launched its asset management arm in the UK in 1998. With markets riding high, flashing branding and the charismatic Nicola Horlick at the helm, the future seemed bright. But the bear market, early optimism on recovery and the departure of key members of staff, including - eventually - Horlick herself, have meant that the times have not all been rosy for SGAM. At its outset SGAM was 70% owned by Société Générale and chaired by Philippe Collas, head of Société Générale's worldwide asset management operation. Horlick was joint-manag...