Dexia Asset Management, owned by the Franco-Belgian banking group, increased its assets under management by 6.7%, to €72.8bn ($81.3bn) in the second quarter after winning 15 new institutional mandates during the three-month period.

More than 70% of the €4.6bn increase in assets under management was a result of the recovery of global markets, but €1.3bn was added from the new institutional mandate wins and the success of the firm's life insurance products distributed by Dexia Insurance and DVV.