The growth was driven by the expansion of Ellipsis AM, the development of Kepler Unigestion and the group’s distribution reach.

Kepler Cheuvreux, a Paris-based independent European financial services group, has grown its asset management platform to nearly €12 billion (US$14.2 billion) in assets under management (Aum) in just over four years, as of February 2026. Ellipsis AM has been a major growth engine since joining the group in 2022 The growth was driven by the expansion of Ellipsis AM, the development of Kepler Unigestion and the group’s distribution reach. When combined with the notional traded last