Milan, 12 May, 2022 - Fund Channel, the B2B fund distribution platform owned by Amundi, has strengthened its reach within the Italian market by entering into a new partnership agreement for the entire fund distribution of Indosuez Wealth Management in Italy, the global wealth management brand of the Crédit Agricole Group active in Italy for more than 50 years.
As of December 2021, through this partnership agreement, Fund Channel provides a full coverage on the totality of its fund distribution to Indosuez Wealth Management in Italy. The platform streamlines a robust model with an adequacy between costs and revenues with higher net trailer fees and operational services.
Indosuez Wealth Management in Italy has chosen Fund Channel due to its full service, product and geographic coverage; thus, its long-term commitment to the Italian industry, its digital expertise and systematic search for value creation which are core to its services and solutions.
“Thanks to the flexible and modular approach of Fund Channel’s fund distribution, Indosuez increases the range of services with added value to meet its client’s needs. This partnership shows how strategic fund distribution activity is for us, with the aim to offer a unique and complete access through an innovative and digital platform, supporting the entire investment value chain”, declares Marco Migliore, General Manager of Indosuez Wealth Management in Italy.
Pierre-Adrien Domon, Chief Executive Officer at Fund Channel, commented: “This partnership shows our commitment to the Italian market which can benefit from our extensive ecosystem of innovative solutions for distribution of funds locally. We are delighted to strengthen ties and bring additional value to our clients and continue optimizing fund distribution.”
About Fund Channel
A fully owned subsidiary of Amundi, the leading European asset manager, Fund Channel is a B2B fund distribution platform operating across Europe and Asia.
Since 2005, Fund Channel provides innovative services to facilitate fund distribution, strengthens transparency and improves processes for asset managers and fund distributors with the aim of enhancing their relationships with clients, partners and regulators.
Fund Channel has more than EUR 330 billion of assets under intermediation providing a “one-stop-shop” solution for 600 asset managers and more than 100 distributors.
About Indosuez Wealth Management
Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole group, ranked 10th in the world on balance sheet (The Banker 2021).
Shaped by more than 145 years of experience helping families and entrepreneurs around the globe, Indosuez Wealth Management offers a tailored approach that enables each of its clients to preserve and grow their wealth according to their specific needs. Its teams take a comprehensive view and provide expert advice and exceptional service, offering a wide range of services for the management of both personal and business assets.
Renowned for its combination of a human scale and a truly international reach, Indosuez Wealth Management has nearly 3,000 employees in 10 regions around the world, in Europe (Belgium, France, Italy, Luxembourg, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore) and the Middle East (United Arab Emirates).
With €135bn in assets under management (at 31/12/2021), Indosuez Wealth Management is one of the global leaders in Wealth Management.
About Indosuez Wealth Management in Italy
In 2015, Indosuez Wealth Management resumed the path started more than 50 years ago in the Italian peninsula by its great ancestors, Banque de Suez and Banque de l'Indochine, serving large families and entrepreneurs, HNWI and UHNWI clients. With offices in Milan, Padua, Rome and Turin, Indosuez Wealth Management's highly specialised teams combine their knowledge of the local context with the extensive expertise offered globally by the bank and the Crédit Agricole Group, which has the second largest market in Italy after France.
About Crédit Agricole in Italy
The Crédit Agricole Group, among the top 10 banks in the world with 11.2 million members, is present in 47 countries including Italy, its second domestic market. Here it operates with all its business lines: from commercial banking to consumer credit, from corporate & investment banking to private banking and asset management, up to insurance to large assets dedicated services. The cooperation between the commercial network and business lines guarantees a broad and integrated operation to 5.2 million active customers, through 1,600 points of sale and more than 17,300 employees, supporting the economy with 92 billion euro of financing.
In addition to the Crédit Agricole Italia Banking Group, the Group consists of Corporate and Investment Banking (CACIB), Specialised Financial Services (Agos, FCA Bank), Leasing and Factoring (Crédit Agricole Leasing and Crédit Agricole Eurofactor), Asset Management and Asset Services (Amundi, CACEIS), Insurance (Crédit Agricole Vita, Crédit Agricole Assicurazioni, Crédit Agricole Creditor Insurance) and Wealth Management (Indosuez Wealth Management in Italy and CA Indosuez Fiduciaria).
Chief Executive Officer
Tel: +352 2673 4501
Marketing and Communication Manager
Tel:+352 2673 4517
External Relations Area- Crédit Agricole Italia
Tel. 0521.21.2826 / 2846
Elisabetta Usuelli – firstname.lastname@example.org