This business line includes Dexia’s activities in the field of Asset Management, Investor Services and Insurance activities.

Asset Management

With EUR 82.4 billion in assets under management as at 31 December 2009, Dexia Asset Management is the Group’s asset management centre. Its four management centres (based in Belgium, France, Luxembourg and Australia) serve a broad client base.

Investor Services

The investor services business is conducted by RBC Dexia Investor Services, a joint venture with Royal Bank of Canada, which offers its expertise in global custody, fund and pension administration and shareholder services to institutions all around the world. Total assets under administration amounted to USD 2,456 billion as at 31 December 2009.

Insurance

Dexia’s insurance activities are mainly concentrated on the Belgian and Luxembourg markets. The Group offers a complete range of contracts to retail, commercial and private banking customers (for both life and non-life insurance) as well as to Dexia’s public and semi-public clients. This is done both through a banking-insurance approach and through a network of tied agents.