Amundi and CACEIS accelerate Fund Channel’s growth

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.

Valérie Baudson, CEO of Amundi, comments:

I am convinced that this industrial and commercial partnership will create value for both companies and for distributors, which are increasingly looking for services across the entire investment and savings value chain. It will also enhance Fund Channel's position as a major player in a fast-growing market.

The closing of the transaction is expected to be completed by the end of 2022, subject to prior approval of the relevant regulatory authorities.

^{1. Platforum’s 2022 report ranks Fund Channel best institutional platform in Europe (European Fund Distribution, May 2022).}