Become the leading European asset manager

On January 26, 2009, global banking groups Crédit Agricole S.A. and Société Générale announced their intention to combine their asset management competencies and create a new global asset management player. After all the usual procedures, they signed the definitive partnership agreement on July 9, laying the groundwork for what will become Amundi.

Having received all the regulatory approvals needed, the new company will be created on 31 December 2009.
The two groups give a concrete form to their joint and shared approach of what asset management should stand for in the post-crisis universe: conveying an enduring vision of investment, combining performance, transparency and clarity, efficiency and proximity, to meet their clients' needs.

Governance

Amundi will be 75%-owned by Crédit Agricole S.A. and 25% by Société Générale. It will cover all CAAM Group activities, with Société Générale contributing its fundamental management activities and 20% of TCW and its Indian joint venture from SGAM*, in addition to Etoile Gestion.

Crédit Agricole S.A. will appoint two thirds of the directors on Amundi's Board of Directors, and Société Générale will have the remaining third. Voting rights will be shared in the same proportion.

Currently Chairman and CEO of CAAM, Yves Perrier will be CEO of the new Group.

* Subject to the approval of relevant authorities.

Ambitions

With the support of two powerful banking groups, Amundi will develop a two-pronged strategy:

• provide savings solutions for the retail banking networks of Crédit Agricole and Société Générale. With 50 million retail clients across the world, the newly-formed entity will have a leading position in this sector in Europe and will be able to open up to other partners;
• be an asset manager offering efficient investment solutions to institutional clients. The new company will have strong positions: it will be the world leader in euro fixed income, the European leader in guaranteed funds and will be very well placed in equity management (European, Japanese and emerging equities) and in absolute return products.
  With operations in more than 30 countries, it will benefit from extensive commercial coverage.

Amundi's ambition is to become the leading European asset management company, not only in terms of size but also through 3 key factors :

• the quality of its products in terms of financial performance and transparency,
• forming close and long-standing relations with its clients, partner networks and institutional clients,
• its commitment to integrate sustainable development and social criteria in its investment policies, alongside with financial criteria.

Product range

With more than 30 international entities across five continents, Amundi will cover the main markets and investment areas throughout the world.

Geographical coverage

With more than 30 international entities across five continents, Amundi will cover the main markets and investment areas throughout the world.

Key figures

With more than €650 billion in assets under management*, Amundi ranks third in Europe and among the ten leading players in the world.

* Pro-forma data for Amundi’s scope of activity at 30 September 2009.