Amundi Investor Presentation
New subsidiary with BOC: a very promising partnership
◎ 中国银行
BANK OF CHINA
New subsidiary created with Bank of China (Amundi BOC Wealth Management) in which Amundi holds
a majority 55% capital stake
- Bank of China is the 4th-largest Chinese bank (400m Retail clients, 23,000 branches)
- The new JV is the 1st majority foreign-owned company in China offering Wealth Management products, a new market segment
Partnership implemented quickly and in accordance with targets
December 2019: plan announced to create the subsidiary¹ with BOC WM
- October 2020: operational startup
- December 2020: first products in the BOC network marketed
Ambitious targets set for Amundi BOC WM for 2025: €60bn in AuM and ≥ €50m in Net Income (100%)
Amundi has a unique position, covering all the segments of the fast-growing Chinese asset management
market (expected CAGR² of >10% between 2019 and 2025), through its partnerships with two major
banks (ABC and BOC)
Significant potential for value creation
and a growth driver in a high-potential region
1- Fully consolidated in the Income Statement with a 45% minority interest 2. Compound Annual Growth Rate
56
Amundi Investor Presentation - November 2021
Amundi
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