Amundi Creates Outsourced Investment Services Unit
French asset manager Amundi will look to service the increasingly complex needs of family offices and institutional clients with a new division dedicated to outsourced investment services.
Amundi has created the Outsourced Chief Investment Officer (OCIO) Solutions Division, according to a statement, backed by 28 experts based in Paris, Milan, Munich and Hong Kong.
The OCIO unit targets pension funds, insurance companies, family offices, sovereigns, central banks, corporates and agencies.
It had previously delivered outsourced services for parent group Credit Agricole for more than three decades. Since 2009, it began to serve external clients and now has more than 44 billion euros ($53 billion) managed on behalf of non-group companies before opening up the offering to the broader institutional market.
OCIO Offering
The OCIO division leverages Amundi’s multi-asset platform which boasts more than 200 professionals in 40 locations worldwide.
Its offering spans a wide range of solutions including governance and strategy, tactical asset allocation, asset-liability management, funds and managers selection, portfolio and risk management, reporting and more.
«Institutional investors are facing a series of challenges: low interest rates, macro and markets uncertainties, and IT and regulatory pressures,» said
Laurent Tignard, head of the OCIO Solutions Division. «They can outsource this operational investment complexity […] focus on their core business.»
