Amundi ‘in the market’ for more deals, says chief

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Financial Times 10h ago

Amundi ‘in the market’ for more deals, says chief - Financial Times

Quick Summary:

It signed a strategic partnership with Victory Capital to increase its investment and distribution presence in the US; it bought Zurich-based Alpha Associates, which offers funds of funds in private markets; and it snapped up aixigo, a German technology company.

Last year Amundi struck three small deals to diversify its business and bulk up in fast-growing areas.

Amundi was created in 2010 through the merger of the asset management arms of French banks Crédit Agricole and Société Générale.