Mark Gilbert , Columnist

Amundi’s Eastern Promise

Amundi is on its way to delivering on its expansion plans.

April 27, 2018 at 10:35 AM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Yves Perrier — Photographer: Simon Dawson/Bloomberg

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In October 2015, Amundi SA Chief Executive Officer Yves Perrier said his goal was "to make Asia into a second domestic market." He's slowly starting to realize that ambition.

Europe's biggest asset manager pulled in a record 39.8 billion euros ($48.1 billion) in new money in the first quarter, it said on Friday. Total assets under management swelled by almost 6 percent, to 1.45 trillion euros. And the 14.4 percent gain in Asia made it the fund's best-performing region.