The desk will act as an intermediary between banks’ capital markets teams and Amundi’s portfolio management teams.
European ETFs have seen growth over the last year, achieving a new monthly record of $29.06 billion in January 2022.
The asset manager said the deal could help it to achieve 50% growth in passive assets under management and use of its alternative UCITS platform by 2025.
Ahead of TradeTech, deputy equity head of dealing at Amundi, Frédéric Pons, tells The TRADE that as automated processes become a larger part of the trading landscape, adding alpha will be the second phase of this trend.
The sale of Lyxor Asset Management will boost Amundi as a leader in European ETFs and conclude the major restructure programme at Societe Generale.
The firm said it expects the Amundi Technology line to become the new growth driver in the Amundi Group, with a predicted revenue of €150 million within five years.
Gaze into The TRADE's crystal ball for insights from buy-side market participants, exchange operators and trading venues on their predictions for the year ahead.
Deputy global head of trading at Amundi, Gianluca Minieri, joins The TRADE to share his thoughts on the sell-side’s performance during the recent market volatility and how the pandemic has accelerated the buy-side outsourced trading trend.
Front-to-back partnership and outsourced trading service with CACEIS at Amundi marks the first to be offered by a major buy-side firm.
According to Spanish media, BlackRock and Candriam also reportedly bid for Sabadell Asset Management.