Amundi and CACEIS Collaborate to Strengthen Fund Channel’s Position in B-2-B Fund Distribution

Amundi and CACEIS Collaborate to Strengthen Fund Channel’s Position in B-2-B Fund Distribution

(IN BRIEF) Amundi and CACEIS have successfully completed their strategic agreement to accelerate the growth of Fund Channel, a prominent B-2-B fund distribution platform. With CACEIS now holding a 33.33% stake and Amundi remaining the majority shareholder, Fund Channel aims to provide comprehensive platform solutions to asset managers and distributors. This milestone aligns with both parties’ 2025 strategic plan, with a target of EUR 600 billion in Assets under Administration. Fund Channel offers a range of services for the European open-architecture distribution market and holds a top-quality position in the platform market.

(PRESS RELEASE)  PARIS, 22-May-2023 — /EuropaWire/ — CACEIS, the asset servicing banking group of Crédit Agricole and Santander, and Amundi, the prominent European asset manager, are pleased to announce the successful implementation of their strategic agreement, aimed at accelerating the development of Fund Channel, a leading B-2-B fund distribution platform.

Under this agreement, CACEIS now holds a strategic stake of 33.33% in Fund Channel, while Amundi retains its position as the majority shareholder.

This strategic partnership empowers Fund Channel to offer a cutting-edge platform solution to asset managers and distributors, leveraging the comprehensive dealing and distribution services built on the expertise and robust capabilities of its two esteemed shareholders.

The completion of this milestone is an integral part of the 2025 strategic plan outlined by both parties to investors in June 2022. With a shared objective of achieving EUR 600 billion of Assets under Administration, this collaboration solidifies Fund Channel’s position as a leading provider of services for the open-architecture distribution market in Europe. The platform encompasses a wide range of offerings, including data management, fund execution, advisory services, business intelligence, and rebates management, further strengthening its position as the premier platform in the market¹.

Guillaume Lesage, COO of Amundi stated: “The partnership between Amundi and CACEIS creates a unique offering on the market, enabling Fund Channel to be the preferred platform on the open architecture market, combining services, technology and fund execution.”

Joe Saliba, Deputy CEO of CACEIS added: “This joint venture will significantly boost Fund Channel’s profile as a fund distribution platform in Europe and Asia. By joining forces with Amundi, we have created a strategic partnership which enhances the fund distribution support offering of both CACEIS and Fund Channel, while meeting the demands of our current and future clients in the most efficient way.”

¹^{^} [1] Platforum’s 2022 report ranks Fund Channel as the best institutional platform in Europe (European Fund Distribution, May 2022).