Amundi sets out ambitions following Lyxor acquisition

/sites/default/files/blockfiles/ETF_blocks_1.jpgAsset manager Amundi has laid out its plans to integrate Lyxor following the acquisition last year.

The firm expects the integration process to take place over the next two years and said that it will involve “several steps”, including IT integration, legal mergers and a new organisation set-up.

Following the deal, collectively, the combined ETF business represents more than €170 billion in assets under management, resulting in a UCITS ETF market share of 14% for Amundi.

Amundi passive platform’s reinforced AUM is now in excess of €282 billion.

As part of its ambitions, Amundi is aiming to increase AUM on its passive platform by 50% by 2025.

The Amundi passive platform division, which consists of ETFS, index and smart beta solutions, will be headed by Arnaud Llinas.

Amundi has revealed that responsible investing will be the primary focus for any product launches within the platform and that, in line with its ‘2025 ESG Ambition plan’ and net zero commitment, Amundi ETF will aim to double the proportion of responsible ETFs available to investors, which are those classified as SFDR 8 or SFDR 9, reaching 40% of the total ETF range by 2025.

It has also announced the creation of the Amundi Alternatives business line, which will be headed by Nathanaël Benzaken.

Amundi’s objective is to increase the alternative UCITS platform’s AUM by 50% by 2025 and accelerate the development of its dedicated management account platform business towards institutional clients internationally.

Valerie Baudson, CEO of Amundi, said: “The Lyxor acquisition is another important step in the deployment of Amundi’s strategy. It elevates Amundi to the first position of European ETF providers and enriches our active management offering with a leading position in liquid alternative assets.”

Lionel Paquin, CEO of Lyxor, added: “Lyxor is joining Amundi with a remarkable business momentum across all franchises and fully committed to new and ambitious development goals. Driven by a unique pioneering spirit which they have always shared, Amundi and Lyxor teams will now be working as one to build for their clients an even stronger and more innovative leader.”

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