Banco Sabadell and Amundi announce a 10 year strategic partnership for the distribution of Amundi products across the Banco Sabadell’s networks in Spain. This agreement aims to boost Banco Sabadell’s fund business.
?#Partnership | @BancoSabadell and Amundi are very happy to announce a 10 year strategic partnership for the distribution of Amundi products across the Banco Sabadell’s networks in Spain.
More info ⤵️https://t.co/DiqUOBoAvL— Amundi (@Amundi_ENG) January 21, 2020
This strategic alliance includes the acquisition by Amundi of 100% of Sabadell Asset Management1, a leading asset manager in Spain, with €21.8bn2 of assets under management, of which €16.1bn is in Spanish-domiciled funds.
Banco Sabadell’s retail clients will benefit from Amundi’s wide range of recognized savings and investments products, and a comprehensive set of tools. This agreement reinforces Banco Sabadell’s commitment to increase customer satisfaction rates (one of the bank’s commercial priorities for 2020).
Amundi will benefit from Banco Sabadell’s regional presence, through its 1,900 branches, which will become a partner network in Spain. This transaction will allow Amundi to consolidate its European leadership position and to deploy its unique business-model aimed at serving retail networks.
Sabadell Asset Management and Amundi Iberia will remain two separate legal entities, in order to preserve the operation of investment funds or pension plans of each entity:
Sabadell Asset Management will remain dedicated to Banco Sabadell’s network, and will leverage oAmundi’s comprehensive capabilities to better serve its customers. Amundi Iberia, which manages €21bn3, will remain focused on its existing customers.
“We are pleased to announce a strategic partnership with Banco Sabadell, a leading bank in Spain. We are convinced that this alliance will benefit Banco Sabadell’s customers and offers a solid potential for development. This partnership is in line with Amundi’s strategy to deploy in Europe its capabilities and resources to serve customers through retail networks. The acquisition of Sabadell Asset Management is for us a new step to reinforce significantly our position in Spain, a major savings market in Europe” comments Yves Perrier, Amundi’s CEO.
This transaction is subject to usual regulatory approvals, and is expected to close in the third quarter of 2020.
Source: Amundi
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The ETF platform was introduced in 2023 with six strategies.
-
The statement is an interim step while the SEC continues to consider the issues.
-
Expanding membership is an OCC priority for capital efficiency, risk reduction and operational simplicity.
-
The technology harnesses burgeoning data volumes to provide faster, more customizable insights and distributio...
-
The fund will focus on the small and mid-market.