Newsroom
Amundi and TOBAM strengthen their strategic partnership
Paris, France, November 14, 2016
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.”
About Amundi
About Amundi
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,700 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
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