The Caisse de Dépôt et de Gestion (CDG) is a public financial institution founded in 1959. The activities of the Caisse de Dépôt et de Gestion flow from its original mandate as legal custodian and manager of funds of private origin, that the legislator wished to protect through a fully secure management.

CDG has thus become a central hub of the savings transformation process. It plays a leading role in the primary bond market and contributes significantly to the development of the secondary market of Treasury Bills and stock market.

In addition to its direct investments, CDG is an active player in the national economy through its subsidiaries and the entities it is mandated to manage. Together with these, CDG constitutes a group of reference with activities extending to several sectors.

Activities
The organisation of CDG’s activities and business lines reflects the alignment of investment activities with optimal allocation of funds, profitability and risk exposure.

The group’s organisation is centered around four main areas of activity:
– Deposits and consignments
– Provident and pension funds
– Banking, finance, and insurance
– Territorial and sustainable development

Leading role in the financial market
Since its creation, CDG has served as a driving force for the launch, development and stimulation of the public-debt market in Morocco, namely as a provider of liquid resources and market depth to the Casablanca stock exchange.

Today, CDG Group continues to be one of the major market makers of the place. The current level of maturity in the competitive sector and financial markets in Morocco requires from CDG a strong presence and engagement in terms of market movement, investment and fund management. The mission of intermediation thus becomes one of innovation, coaching, facilitation and development of financial markets.

In this respect, CDG reinforced the business line of “investment banking” by delegating its asset management, venture capital, financial engineering, capital markets and private banking to CDG Capital, a holding that is now dedicated to all these lines of business.

Urban and territorial development
CDG is a major national-level player in town-planning operations in diverse fields of activity such as tourism, industry, or operations dedicated to activities associated with new technologies (ICTs, offshoring, etc.), social housing and regional development, and town policy.

CDG was the forerunner of the concept of tourist zones in the early 1970s. Social housing became later a major priority of the Group’s expansion and was perfectly integrated into CDG’s broad mission of general interest and support to the public development policies. In the period between 2003 and 2007, many social housing projects were launched and most of them are completed today. The recent priorities and choices adopted by the public authorities in the areas of regional development and territorial management offer considerable potential for the development of CDG Group and present opportunities to enlarge CDG’s fields of intervention in addition to confirming its role and strategies.

CDG’s mission as a planner-developer, which is carried out by the holding CDG Développement, found its continuity and consistency by shifting from the implementation of real estate and social housing operations to the more global line of urban and territorial development activity. This coincides with the confirmation of the development potential of regions (urban renewal, tourism-geared infrastructures…), in relation to the new regionalisation and spatial development policy.

For more information www.cdg.ma; www.cdgdev.ma; www.cdgcapital.ma

Missions and ambitions
– Caisse de Dépôt et de Gestion was established with the primary objective of receiving, safeguarding, and managing savings resources that require specific security and ensure that these funds are invested in assets, profitable to the country’s economic development.
– CDG is engaged in Morocco’s largest structuring projects. Today, it is the leading institutional investor in the Kingdom and one of the major actors in the national economy.
– In the coming years, CDG envisions strengthening its role as the key institutional partner of foreign investors in Morocco, and actively supporting Moroccan companies expanding abroad.

CDG key figures 2009
– Centralisation of 35 percent of the institutional savings
– More than MAD 200bn of managed assets
– More than MAD 53bn entrusted deposits

(Based on 1€ = MAD 11; 1$ = MAD 8)