Amundi, the leading European asset manager, announces the full integration of the Luxembourg-domiciled fund platforms of Goldman Sachs Fund Solutions & Origination, an activity of Goldman Sachs Global Markets Division ("GSFSO").
Amundi Luxembourg S.A., one of Amundi's four main hubs for fund hosting services meeting UCITS and AIFM directives, thus becomes the "Management Company" of three Luxembourg systematic and alternative management Sicavs with total assets under management on behalf of GSFSO of €2.6 billion. Amundi manages, controls and supervises Luxembourg investment vehicles based on GSFSO’s systematic trading strategies. Amundi also provides a management service as well as the analysis and monitoring of the external managers present on its UCITS platform for alternative funds.
Maryline Mertz, Managing Director of Goldman Sachs said: “We are delighted to have completed the implementation of our partnership with Amundi. This partnership offers strong support for our business.”
“Supporting GSFSO’s platforms demonstrates Amundi’s ability and know-how in managing complex integration processes and has strengthened Amundi's value proposition in quantitative and alternative multi-management activities. Fund hosting services are fully in line with Amundi's development strategy, with the ambition for Amundi Luxembourg to become one of the leaders in third-party asset management in the long term,” said Jeanne Duvoux, CEO of Amundi Luxembourg.
Through its Fund Hosting business line, which capitalises on the group's expertise and tools, Amundi provides its clients with a complete range of hosting solutions across several types of funds and asset classes in Luxembourg, Ireland, France and Austria. These solutions are aimed at investment banks, asset managers and private banks wishing to launch a Luxembourg fund. Amundi manages more than 300 sub-funds under Luxembourg law (UCITS and AIF) representing some 162 billion euros in assets under management, including 12 billion euros for third parties.
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Amundi, the leading European asset manager, ranking among the top 10 global players, 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.
With its six international investment hubs, 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 4,500 employees in nearly 40 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.650 trillion of assets.
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