Amundi announces today the signature of a Memorandum of Understanding to establish a strategic partnership with Victory Capital, a #US based asset manager. This transaction would allow Amundi’s clients to have access to a larger US investment platform of around $280 billion, and to a broader range of US expertise, top performing strategies and solutions. It would also allow Amundi to benefit from expanded distribution in the US. This partnership would indeed be threefold: ➡️ Amundi US would be combined into Victory Capital; ➡️ Amundi would become a strategic shareholder of Victory Capital with a 26,1% economic stake; ➡️ Reciprocal distribution agreements would be signed. To learn more 🔽 https://lnkd.in/eZ5vrt56
Hopefully this will result in hiring more of our vets-heroes. VCM/USAA are great at that. One great thing about VCM-always putting into operation forces that do things and benefits all involved. Good stuff for sure.
Congrats for this important move for Amundi
Congratulations on your new partnership
Congratulations to Amundi and Victory Capital for this new strategic partnership
Investment Strategist | Retirement Architect | Author & Speaker | Board Member | Latino Advocate
6moVery interesting. Helps with scale in the US. I hope some of the old Pioneer gets to participate in the consolidation.