Key figures

(€m) 20121 2013 20142 20153 H1 - 2016 2016
Net asset management revenue 1 376 1 400 1 490 1 603 838 1 677
- o/w net fees 1 211 1 238 1 322 1 466 760 1 510
- o/w performance fees 166 162 170 138 53 115
Net revenue 1 456 1 438 1 538 1 657 838 1 677
Operating expenses -756 -773 -810 -883 -435 -878
Cost income ratio (%) 51.9% 53.8% 52.3% 53.3% 51,9% 52.3%
Gross operating income 700 665 732 774 416 800
Share of net income of equity-accounted entities 10 16 17 25 13 28
Pre tax income 714 673 745 806 416 828
Net income Group share 486 451 490 519 278 568
Basic earning per share (€)4 2.91 2.7 2.94 3.16 1.66 3.40
Dividend per share with respect to the period 1.6 1.35 1.46 2.05 - 2.20
             
Net equity Group share 5 687 5 816 6 123 6 407 6 288 6 644
Tangible equity Group share 2 637 2 787 3 113 3 297 3 176 3 363
Tangible book value per share (€) 15.8 16.7 18.7 19.8 19.0 20.1
             
Assets under management (€bn) 749 792 878 985 1 004 1 083
- Retail 186 184 210 263 268 306.2
- Institutionals excl. CA & SG insurers 233 267 280 325 327 371.7
- CA & SG insurers 329 341 387 398 409 404.8
Net inflows (€bn)5 17.6 11.1 32.5 79.9 16.8 62.2
- Retail -6.9 -3.4 15.9 41.5 10.1 34.7
- Institutionals excl. CA & SG insurers 10.7 13.4 2.6 33.7 3.3 29.6
- CA & SG insurers 13.8 1.1 14.0 4.6 3.4 -2.1
Net fee margin (bps)6 17.2 16.5 16.4 16.1 16.5 16
Excluding CA & SG insurers (bps)6 27.6 26.9 26.9 26 - 25.6
Operating expenses / AuM (bps) 10.7 10.3 10 9.7 9.5 9.3
Headcount (full time equivalent) 2 866 2 916 2 952 3 030 - 3 068
- o/w outside France 741 810 856 932 - 966

1.  In 2012, net financial income included the gain on the disposal of the stake in HLA (€59.9 million before tax, €58.7 million after tax).

2. Comparative information for the periods ended December 31, 2014 and June 30, 2014 has been adjusted to take account of the retrospective application of IFRIC 21 "Levies", applicable from January 1, 2015.

3. In 2015, Operating expenses include the costs incurrred from Amundi's Initial Public Offering, ie €14.6m before tax / €9.1m after tax (€0.05 per share)

4. Basic earnings per share is identical to diluted earnings per share given the absence of any dilutive instruments.

5. Assets under management of Asian JVs are included at 100% in Group assets under Management and their net inflows at 100% in Group net inflows.

6.  including performance fees, calculated on average assets under management in basis points (bps), ie 0.1% or 1/10000

7. Consolidated entities, excluding temporary staff

Share capital is split into 167 245 237 shares of whose nominal is 2,5 euros per share 

Share ownership

Amundi's Share Ownership

Data as of 31.12.2016

Note: share in the capital; 167,245,237 shares of 2.5 euros par value

Governance

Amundi Board of Directors comprises, as at 31st of December 2016, 13 Directors as follows:

  • Xavier Musca, Head of Board of Directors
  • Yves Perrier, CEO of Amundi
  • Virginie Cayatte*
  • Laurence Danon-Arnaud*
  • Rémi Garuz
  • Laurent Goutard
  • Robert Leblanc*
  • Michel Mathieu 
  • Hélène Molinari
  • Christian Rouchon
  • Andrée Samat
  • Renée Talamona
  • Eric Tazé-Bernard**
  • Jean-Michel Forest, censor
  • François Veverka, censor

Download in PDF Amundi's articles of association, in french and english  as of 10/27/2016.

*Independant directors
** Director elected by Amundi's employees on the 12th october 2016

Work council representatives:

  • Georges Delbrel
  • Valérie Letort

The composition of the Group’s Executive Committee is as follows at 12.19.2016:

  • Yves Perrier, CEO of Amundi;
  • Fathi Jerfel, Head of Retail Division;
  • Pascal Blanqué, Global Head of Institutional Division and Chief Investment Officer;
  • Guillaume Lesage, Head of Support and Business Development;
  • Bernard Carayon, Advisor to Amundi’s General Management;
  • Dominique Carrel-Billiard, Deputy Director to Amundi’s General Management;
  • Bernard de Wit, Head of the Steering & Control Division;
  • Pedro Antonio Arias, Global Head of Real and Alternative assets;
  • Jean-Jacques Barberis, Global head of central banks and sovereign wealth funds;
  • Valérie Baudson, Chief Executive Officer of CPR AM, Global Head of ETF, Indexing Funds and Smart Beta;
  • Alain Berry, Head of Communication;
  • Laurent Bertiau, Global Head of Institutional Client;
  • Romain Boscher, Global Head of Equitiy;
  • Eric Brard, Global Head of Fixed Income;
  • Nicolas Calcoen, Chief Financial Officer;
  • Xavier Collot, Head of Employee Savings and Retirement Schemes;
  • Christophe Lemarié, Head of Retail Marketing;
  • Vincent Mortier, Deputy CIO Amundi & Global Head of Multi-Asset;
  • André Pasquié, Head of French Retail Networks;
  • Frédéric Samama, Deputy Global Head of Institutional Clients;
  • Pierre Schereck, Head of Relations with Social Security Bodies;
  • Isabelle Senéterre, Head of Human Resources; 
  • Eric Vandamme, Chief Risk Officer

To learn more about Amundi's governance, download in PDF Amundi's articles of association, in french and english as of 10/27/2016.