Amundi today announces that the Central Bank of Ireland confirmed the European asset manager as a ‘Super’ Management Company in Ireland. It 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 says it can now draw on its four major hubs for fund hosting services: France, Luxembourg, Austria and Ireland.
With significant operations in Luxembourg and Ireland, the two leading cross-border fund domiciles, as well as in all major European investment centres, Amundi says it offers a full 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, the firm says. “Amundi offers a robust and 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,” the firm says in a statement.
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.”