Today Amundi and CACEIS, the asset servicing banking group of Crédit Agricole and Santander, announce the strengthening of their strategic agreement to accelerate the development of Fund Channel, the B-2-B fund distribution platform.
CACEIS will purchase 33.33% of Fund Channel’s share capital while Amundi remains the majority shareholder.
Fund Channel is the fourth-largest European B-2-B fund platform, highly-rated by Platforum for its quality of service1. It offers access to over 600 fund managers and connects with more than 100 distributors in Europe and Asia.
CACEIS clients will benefit from the wide array of fund-distribution related services of a well-recognised leading platform. The partnership will enable Fund Channel’s clients to benefit from a fully-fledged execution services offering. In addition, the two partners will continue to expand their fruitful long-term cooperation in other growth areas of fund services and data.
This project is part of the 2025 Strategic Ambitions Plan recently announced by Amundi to investors in June 2022 with a target of more than €600 billion of assets intermediated by year-end 2025 for Fund Channel.