Amundi Investor Presentation
Amundi BoC WM: a new subsidiary that was created rapidly in 2020, making
it the first company with majority foreign capital in China offering Wealth
Management products.
Amundi BOC
Wealth Management Co Ltd
H1 2019
H2 2019
H1 2020
H2 2020
July 2019: opening of the Wealth Management
market regulation to foreign asset managers
August 2019: Amundi approached by Bank of
China, with the objective of launching the first of
these new JVs in China.
December 2019: regulatory go-ahead for the plan
to create a JV 55% owned by Amundi and 45% by
BoC WM
H1 2020; definition of commercial strategy and
operational implementation (recruiting the teams,
etc.)
September 2020:
Licence granted to Amundi BoC WM
Management and portfolio managers in place (40
FTEs)
Infrastructures (office space, IT platform with
exclusive Alto configuration) in place
Q4 2020: operational start-up and initial launch of
Wealth Management products
41 Amundi Investor presentation | November 2020
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Amundi
CRÉDIT AGRICOLE GROUPView entire presentation