Amundi eyes acquisitions and asset growth in Asia
Asia’s growing middle class and an ageing population in some countries provide fertile expansion ground for Amundi
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EUROPEAN asset manager Amundi has drawn up an ambitious plan to expand assets under management (AUM) in Asia and to deploy some of the 2 billion euro in excess capital that it expects to accumulate by 2025, into acquisitions in the region.
Amundi, which ranks among the world’s top 10 fund firms, manages a total of over 1.89 trillion euro in assets as at end-September 2022. Asia’s AUM came to around 400 billion euro. The group aims to raise that by 25 per cent to around 500 billion euro by end-2025. “I’m sure we’ll reach the figure faster than 2025,’’ said Amundi chief executive Valerie Baudson who was in Singapore earlier this month.
Baudson says she is “incredibly optimistic’’ about the region in the medium to long term. “Asia is absolutely core to our strategy. The fact that China has reopened is a good sign for the future. Asia’s demographics are the fastest growing in the world – a growing middle class with additional needs for savings solutions.
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