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Yves
Perrier
Chief Executive Officer
of Amundi
I
n 2016, Amundi reinforced
its European leadership
in asset management
(1)
.
Our Group achieved strong growth
in its revenues and earnings.
Net inflows came to €62 billion, driven
by all asset classes and customer
segments, with especially strong
development coming internationally,
with 75% of net inflows. Total assets
under management came to almost
€1.1 trillion at the end of 2016.
Our results are consistent with the
objectives that we had set and with
the commitments we made to our
shareholders when Amundi was first
floated in November 2015. Net earnings
per share rose by 7.3%. Amundi thus
confirmed the relevance of its strategy
and the strength and profitability of
its business model.
Meanwhile, Amundi has pursued its
investment strategy to feed its future
growth. This is why it set up its Real
and Alternative Assets division, which
encompasses its real-estate, private
equity, private debt, infrastructure
and alternative asset businesses.
This division aims to offer our clients
attractive investment solutions in the
current environment of very low interest
rates. Amundi has also expanded its
capabilities in international equities
with the acquisition of KBI Global
Investors, whose performances are
well-regarded in this area.
In late 2016, Amundi announced the
acquisition of Pioneer Investments, which
will be a milestone in its development.
This transaction
(2)
, which is expected to
close by the end of the first half of 2017,
will consolidate Amundi’s European
leadership by reinforcing its distribution
capacities in Europe, particularly in
Italy, Austria and Germany, and by
supplementing its capabilities.
This acquisition is an integral part of
Amundi’s industrial model, an open-
ended platform able to effectively
serve both a clientele of banking
networks in Europe and internationally
and institutional investors worldwide.
Moreover, it is consistent with the
financial criteria Amundi announced for
acquisitions upon its IPO. Its important
potential synergies should lead to
significant growth in earnings per share.
Amundi’s strategy constantly aims
to enhance the quality of savings
and investment solutions and related
services, so that we can continue to
earn our customers’ trust every day.
This will remain our strategy in 2017.
“Amundi’s results
show that the group
has continued to
grow profitably since
it was created.”
(2) This acquisition remains subject to
the agreement of the national regulators
and the European Commission.
Editorial
03
AMUNDI
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2016 Corporate Social Responsibility Report