Information on the Target
In 2024, a key achievement for the organization was the significant enhancement of its operations driven by the strategic goals of the Ambitions 2025 Plan. This plan has not only facilitated the company's growth trajectory but also strategically aligned it with the primary growth factors within the savings industry.
Particularly noteworthy is the remarkable success of the Third-Party Distribution segment, which exhibited a robust year-on-year asset growth of 27%, culminating in total assets of €401 billion by December 2024. This notable performance surpasses the original goals set forth in the Ambitions 2025 Plan by one year, underscoring the strength and appeal of the company's offerings in the retail segment.
Industry Overview in Asia
The Asian market is experiencing a substantial upward trend, particularly evident in the increase of assets under management, which rose by 17% year-on-year, resulting in a total of €469 billion. This growth is attributed to impressive net inflows of €28 billion during 2024, indicative of a positive reception in all nine countries where Amundi operates.
In this region, the Indian Joint Venture with SBI Mutual Fund has emerged as a major contributor to overall success, reporting €292 billion in assets under management, representing a 23% year-on-year growth alongside a net inflow of €20.6 billion. The direct distribution arm, which does not include joint ventures, has also performed well, reaching €103 billion in assets—an increase of 16%—with net inflows of €5 billion in 2024.
Moreover, the partnership with Standard Chartered has proven to be particularly fruitful, as evidenced by the launch of the
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Amundi Technology
invested in
aixigo
in 2024
in a Strategic Partnership deal
Disclosed details
Revenue: $80M