Amundi

Amundi
Company typeSociété Anonyme
EuronextAMUN
CAC Mid 60 Component
IndustryInvestment management
Founded2010; 14 years ago (2010)
Headquarters,
Area served
Worldwide
Key people
Valérie Baudson (chief executive officer)
Yves Perrier (President)
Products
AUMIncrease €2.064 trillion
(31 December 2021)
OwnerCrédit Agricole (70%)
Number of employees
5,300 employees worldwide[1]
Subsidiaries
  • BFT Investment Managers
  • CPR Asset Management
  • Lyxor Asset Management
WebsiteAmundi.com

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.[2][3]

Founded on 1 January 2010, the company is the result of the merger between the asset management activities of Crédit Agricole (Crédit Agricole Asset Management, CAAM) and Société Générale (Société Générale Asset Management, SGAM).[4] Amundi Group has been listed on the Euronext stock exchange since November 2015.[5] Its majority shareholder is Crédit Agricole S.A.

In legal terms, Amundi Group owns Amundi Asset Management, as well as several other subsidiaries in the asset management sector, notably CPR Asset Management (CPR AM)[6] and BFT Investment Managers (BFT IM) in France. In 2017, the Amundi group acquired Pioneer Investments, the asset management subsidiary of Unicredit, and in 2021 acquired Lyxor Asset Management, a subsidiary of Société Générale.[7]

Amundi is involved in a range of investment management activities. The company is particularly engaged in active management, through a range of mutual funds (equity management, bond management, diversified management, structured products management and treasury management) as well as in passive management as an ETF issuer and index fund manager. The company also offers products in the real and alternative asset investment segments (real estate and private equity in particular). Its offering is aimed at retail investors and institutional investors, either in the form of collectivised investments or specific mandates. In France, Amundi is more widely known for its activities in the field of French employee savings schemes (épargne salariale). The company also has a research and analysis unit, which issues regular publications on global economic conditions and stock market developments.

Amundi Group has offices in several countries around the world, including Europe, Asia and the United States, and is estimated to have around 100 million direct or indirect individual clients and 1,000 institutional customers worldwide.[8]

  1. ^ "Amundi 2020 Annual Results". Amundi.com. 10 February 2021.
  2. ^ "Amundi'". Amundi. 31 December 2023.
  3. ^ Amundi (January 2022). "Financial information". About Amundi. Retrieved 25 April 2022.
  4. ^ Walker, Owen (29 July 2018). "Amundi: A world where scale counts". Financial Times.
  5. ^ Bray, Chad (11 November 2015). "Amundi Raises $1.6 Billion in I.P.O. in Paris". New York Times.
  6. ^ Baker, Sophie (1 April 2016). "Amundi subsidiary CPR Asset Management taps new CEO". Pensions & Investments.
  7. ^ Ram, Aliya; Sanderson, Rachel (12 December 2016). "UniCredit seals €3.5bn Pioneer deal with Amundi". Financial Times.
  8. ^ Ramadier, Sylvie (5 October 2017). "Amundi, l'épargne et son architecte" [Amundi, the savings and their architect]. Les Echos (in French).