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Amundi Aims to Double Greater China Assets to $250 Billion

  • French asset manager plans secondary home base in China
  • Amundi is open to options including a wholly-owned fund firm
Updated on

Amundi SA is seeking to attract as much as $250 billion in assets from the Greater China region, pledging to build a secondary home base in one of the world’s fastest-growing wealth markets.

The Paris-based firm is planning to more than double assets under management in China, Hong Kong and Taiwan by 2025, from its current level of $120 billion, said Zhong Xiaofeng, chairman of Amundi Greater China. Amundi wants to bolster its China footprint by offering more products, hiring staff and working closely with its joint venture partners Agricultural Bank of China Ltd. and Bank of China Ltd.