Amundi’s Pioneer acquisition rubber stamped

Amundi has finalised the acquisition of Pioneer Investments, which will see the company consolidated into Amundi’s accounts starting from the third quarter of this year.

As was previously announced on 22 June, the date of full integration was July 3. This closing allows the operational integration to proceed, Amundi said in a statement.

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. As previously reported, thanks to the integration of Pioneer Investments, it now manages over 1.3 trillion euros of assets across six main investment hubs and has a new global structure across 30 countries ready to be launched.

As reported, a result of the deal being finalised, Giordano Lombardo, group chief executive and chief investment officer of Pioneer Investments, announced that he is leaving the organisation.

30 regional heads

Amundi Asset Management said that it has received all of the regulatory authorisations required for its acquisition of Pioneer Investments to go ahead, and that country heads for all 30 of the countries in which the business will be operating have been designated.

In Europe, these will include, in Italy, Cinzia Tagliabue; in Germany, Evi Vogl; in Central and Eastern Europe,  Werner Kretschmer; in the United Kingdom, Laurent Guillet; and in Ireland, Robert Richardson.

In the US, Canada and Latin America, the country head will be Lisa Jones; in Japan, it’s Julien Fontaine; in North Asia,  Xiaofeng Zhong; in South-East Asia, Jack Lin; and in theMiddle East, Nesreen Srouji.

The deal, as reported, was originally announced last year.

Headquartered in Paris, Amundi has offices across Europe, Asia-Pacific, the Americas and the Middle-East, including a recently opened base in the Dubai International Financial Centre.

Monday’s  statement concluded that publication of Amundi’s first half 2017 results will be released on July 28, with 27 October the date of publication of its first nine months 2017 results.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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