In 2020, several strategic initiatives were launched that will bolster the group’s growth in years to come:
- Partnership with Société Générale renewed for 5 years
Amundi is still the leading supplier of savings products and solutions for the Société Générale network, which consolidates Amundi's leadership in France.
- New 10-year partnership with Banco Sabadell, supplemented by the acquisition of Sabadell AM
With the acquisition of Sabadell Asset Management, which was finalised on 30 June 2020, Amundi became a top-5 player in Spain, doubling its AuM (€43bn).
- New subsidiary created with Bank of China Wealth Management
The operational start-up of this new subsidiary (in which Amundi holds a 55% stake) was effective in the fourth quarter, on schedule, after being authorised by the Chinese regulator. The first products were marketed in the BOC network.
- Creation of Amundi Technology, a new technology services business line
Since its creation in 2010, Amundi has benefited from its own high-grade IT platform, with which it has ensured the quality of management and services for its clients, successfully integrated acquisitions (specifically Pioneer), and had a major competitive advantage in terms of cost.
Since 2016, these cutting-edge technology services (specifically ALTO Investments6) have been marketed to third-party clients (24 user clients in France, Europe, and Asia).
Leveraging on this experience, Amundi is looking to expand its growth by creating a new business line, backed by dedicated IT and sales teams of more than 700 people at two hubs (Paris and Dublin).
Commercialisation of these technology solutions covering all asset management and savings business lines is expected to generate €150m in revenues between now and 2025 (compared with €25m in 2020).