European asset manager Amundi, has been confirmed as a Super Management Company (Super ManCo) by Central Bank of Ireland. This complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice.
European asset manager Amundi, has been confirmed as a Super Management Company (Super ManCo) by Central Bank of Ireland. This complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice.
With the full scope of AIFMD and UCITS permissions in Ireland, Amundi can now draw on its four major hubs for fund hosting services: France, Luxembourg, Austria and Ireland.
Amundi leverages on local and international experts to assist clients around the world with the launch and maintenance of both UCITS and AIFs. With significant operations in Luxembourg and Ireland, the two leading cross-border fund domiciles, as well as in all major European investment centres, Amundi offers a suite of hosting solutions ranging from fund structuring through operational support to marketing and distribution.
This new capability in Ireland will also benefit Amundi Services, one of Amundi’s business lines, which provides third-party asset managers, distributors and institutional investors with comprehensive management company, compliance and risk management solutions. Amundi’s dedicated team of experts runs the day-to-day governance and administration required to ensure an effective supervision of delegated activities. Amundi offers a scalable legal and technology platform, flexible outsourced solutions with a broad range of traditional and alternative fund vehicles, decades of collaborative work with third-party asset managers and first-hand experience in most asset classes.
Guillaume Lesage, head of Operations, Technology and Services Division comments: “With a team of over 350 professionals in Ireland, Europe’s second largest fund domicile, this development will enable Amundi to offer its fund hosting clients the substance, expertise and service levels that they require to support their business. This is also a new step in the development of Amundi Services which integrates this new capability of Super ManCo as part of its range of services and fund hosting platform.”
