Amundi and TOBAM announce the strengthening of their strategic partnership and the increase of Amundi’s stake in TOBAM from 10.6% to 20.0%.
In 2012, Amundi and TOBAM implemented a strategic partnership based on:
- a distribution agreement under which Amundi, leveraging its international commercial presence in more than 30 countries, provided its clients with access to TOBAM’s expertise, based on the Maximum Diversification® approach;
- Amundi’s acquisition of a minority stake in TOBAM.
Building on its success with international institutional investors, TOBAM has experienced several years of strong growth in assets under management (a threefold increase since 2012) and earnings.
Amundi and TOBAM wished to strengthen this partnership by increasing Amundi’s stake in TOBAM to 20%. This increase results from the disposal of shares from other shareholders. Following the deal, TOBAM’s President, Yves Choueifaty, and Tobam’s employees will remain the majority shareholders.
Yves Perrier, Chief Executive Officer, Amundi, said: “This strengthened partnership is in line with Amundi’s policy of offering its clients the best areas of expertise. In addition to its in-house investment management, Amundi also leverages on product capabilities created through targeted partnerships. Since its inception, TOBAM has demonstrated excellence in its expertise and innovation. This deal also confirms Amundi's commitment to developing the asset management industry in the Paris market with its most innovative entrepreneurs.”
Yves Choueifaty, TOBAM, said: “Our agreement with Amundi, a reference player in asset management, has been a springboard for the distribution of our products to prestigious clients on an international level. TOBAM now aims to leverage this positioning acquired with these emblematic institutions to broaden its distribution to new client segments. This partnership is the ideal way for us to achieve this goal.”
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Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. It manages 1,487 billion euros of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.
Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
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Visit www.amundi.com for more information or to find an Amundi office near you.