AMUNDI and CACEIS accelerate the growth of Fund Channel
Amundi, a European leader in asset management, and CACEIS, a banking institution specializing in financial services subsidiary of the Crédit Agricole and Santander groups, today announce the strengthening of their strategic partnership to accelerate the development of Fund Channel, the distribution of B-2 -B funds. Under this agreement, CACEIS acquires 33.33% of Fund Channel, of which Amundi remains the majority shareholder.
The fourth European platform for B-2-B funds, Fund Channel is ranked first by Platforum  for quality of service. It offers access to more than 600 wealth managers, connecting to more than 100 distributors in Europe and Asia.
CACEIS clients will benefit from the broad range of fund distribution services from a leading platform. This partnership will enable Fund Channel's clients to benefit from a comprehensive offering of fund execution services. Furthermore, the two partners will continue to develop their long-term cooperation in other areas of growth: services related to the distribution of funds and data management.
This project is part of the Strategic Ambitions 2025 Plan announced by Amundi to investors in June 2022 with a target of over € 600 billion of intermediate assets by the end of 2025 for Fund Channel.
Fund Channel leverages key trends in the European open architecture distribution market. In fact, distributors are increasingly resorting to the outsourcing of certain services to reduce costs, increase size and improve services for their customers. For the fifth consecutive year, fund distribution platforms have grown faster than the European fund market and now account for over 25% of distributed UCITS funds .
The transaction is expected to close by the end of 2022, subject to approval by relevant regulatory authorities.
 Source: platform. Platforum ranked Fund Channel as the best international B2B platform in Europe in its annual report published in May 2022.
Valérie Baudson, CEO of Amundi, said: "I am convinced that this industrial and commercial partnership will create value for both companies and distributors, who are increasingly looking for services through the full value of investment and savings. It will also strengthen Fund Channel's position as a major player in a rapidly growing market ”.
Jean-François Abadie, CEO of CACEIS adds: “This joint venture will significantly strengthen Fund Channel's profile as a fund distribution platform in Europe and Asia. By joining forces with Amundi, we have created a strategic partnership that enriches the fund distribution support offerings of CACEIS and Fund Channel, while meeting the demands of our current and future clients in the most efficient way ”.
European leader in asset manager among the top 10 global players , Amundi offers its 100 million customers - individuals, institutions and companies - a complete range of savings and investment solutions in active and passive management, in traditional assets or real.
Its six international management platforms , its financial and extra-financial research capabilities, as well as its long-standing commitment to responsible investment, make it a reference player in the wealth management landscape.
Amundi clients benefit from the experience and advice of 5,400 professionals in 35 countries. A subsidiary of the Crédit Agricole group, Amundi is listed on the stock exchange and currently manages over € 1,900 billion of assets .
Amundi, a trusted partner who acts every day in the interest of its customers and society.
 Source: IPE "Top 500 Asset Managers" published in June 2022 on the basis of assets under management as of 31/12/2021
 Boston, Dublin, London, Milan, Paris and Tokyo
 Amundi data including Lyxor as of 30/06/2022
CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers, insurance companies, pension funds, banks, private equity and real estate funds, brokers and corporate clients. Through offices across Europe, North and South America, and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary and fund administration, fund distribution support, middle office outsourcing and issuer services. With assets under custody of €4.6 trillion and assets under administration of €2.4 trillion, CACEIS is a European leader in asset servicing and one of the major players worldwide (figures as of 31 December 2021).
About Fund Channel
Fund Channel is a B2B fund distribution platform operating across Europe and Asia.
Fund Channel is a fully-owned subsidiary of Amundi, the leading European asset manager.
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 300 billion of assets under intermediation providing a “one-stop-shop” solution for 600 asset managers and more than 100 distributors.
Fund Channel is headquartered in Luxembourg and has offices in Italy, Singapore and Switzerland.
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