Amundi, the European leading asset manager1 with €1.475 trillion in assets under management2, announces the acquisition of Mirae Asset Global Investments (Taiwan) (“MAGI Taiwan”), which has officially changed its name to Amundi Taiwan Limited with effect on 1st February, 2019 (the “Effective Date”). This acquisition enables Amundi to have the status of a Securities Investment Trust Enterprise (“Amundi SITE”).
The acquisition of MAGI Taiwan is an important milestone for Amundi’s business in Taiwan and further its commitment to the Taiwan fund management industry. Through this acquisition, Amundi enhances its onshore investment management platform and equipped with onshore product development capabilities. Amundi today has a total of 27 offshore funds and 3 onshore funds registered in Taiwan.
The existing Amundi Taiwan Limited, the Amundi Securities Consulting Enterprise (“Amundi SICE”), through which Amundi was already offering offshore funds, will integrate with Amundi SITE in the first half of 2019, subject to the approval by the Taiwan regulator. Thereafter, the integrated company will keep the company name Amundi Taiwan Limited and will carry both onshore fund (Amundi SITE) and offshore fund (Amundi SICE) business in Taiwan.
Amundi, the European leading asset manager1 with €1.475 trillion in assets under management2, announces the acquisition of Mirae Asset Global Investments (Taiwan) (“MAGI Taiwan”), which has officially changed its name to Amundi Taiwan Limited with effect on 1st February, 2019 (the “Effective Date”). This acquisition enables Amundi to have the status of a Securities Investment Trust Enterprise (“Amundi SITE”).
The acquisition of MAGI Taiwan is an important milestone for Amundi’s business in Taiwan and further its commitment to the Taiwan fund management industry. Through this acquisition, Amundi enhances its onshore investment management platform and equipped with onshore product development capabilities. Amundi today has a total of 27 offshore funds and 3 onshore funds registered in Taiwan.
The existing Amundi Taiwan Limited, the Amundi Securities Consulting Enterprise (“Amundi SICE”), through which Amundi was already offering offshore funds, will integrate with Amundi SITE in the first half of 2019, subject to the approval by the Taiwan regulator. Thereafter, the integrated company will keep the company name Amundi Taiwan Limited and will carry both onshore fund (Amundi SITE) and offshore fund (Amundi SICE) business in Taiwan.
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