French asset-management joint venture named
The asset-management joint venture between French financial services giants, Credit Agricole and Societe Generale, finally has a name — Amundi Asset Management.
The joint venture, announced earlier this year, is aimed at establishing a market-leading presence in the European asset management space.
According to the announcement released by the two companies, the next step in the process is the expected approval of Amundi Asset Management by the European competition authority in January next year.
The announcement said that with almost 650 billion euros under management, Amundi would rank number three in Europe and among the top 10 global players.
AUTHOR
Mike Taylor
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