Societe Generale Amundi Distribution Agreement

Societe Generale is included in the main socially responsible investment indices: DJSI (world and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (world, Europe and euro area), four of the STOXX ESG Leaders indices and the MSCI Low Carbon Leaders Index. For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com. On 26 January 2009, an interim agreement was signed between the two parties, which signed a final agreement on 9 July 2009 stipulating that Crédit Agricole will own 75% of the new company and that Société Générale will retain 25%, chaired by Yves Perrier, then CEO of CAAM. The name “Amundi” was officially announced on 23 October 2009[8] The company was created on 1 January 2010, after approval by the European Commission, in order to continue the merger. The merger of the two teams was gradual in 2010 and resulted in the loss of 260 jobs worldwide and the creation of some 60 new management and distribution positions. PARIS, July 30 (Reuters) – Societe Generale in France has signed a new five-year contract with asset manager Amundi and announced the opening of its private and insurance networks to other asset managers. Societe Generale and Amundi signed their first commercial distribution contracts in 2009. These were renewed when Amundi went public in 2015, when Societe Generale sold all of the group`s shares. In 2012, Amundi entered into a distribution agreement with asset manager TOBAM and took a 10.6% stake in the company`s capital (a stake that increased to 20% in 2016). [11] Amundi, Europe`s leading asset manager, will continue to be the main partner of the Societe Generale Group to provide savings and investment solutions to its retail banking and insurance networks, as part of an open architecture structure that allows access to other asset managers.

Building on the relationships that the two groups have developed over the past several years, Societe Generale will continue to be the leading investment services provider for Amundi. Managing their savings is a key concern for our clients and is essential to the sustainable development of our economies. This partnership is usuring the beginning of a new phase of our strategy in terms of offering investment solutions, as we work to develop open architecture solutions that our retail networks can offer our customers, while having access to world-class management know-how in France and abroad and ensuring their growing demand for socially responsible investments. The provision of responsible and innovative financial solutions is at the heart of our corporate objective. Amundi, the leading asset manager in Europe that Societe Generale helped to set up, will be a key partner in the value proposition we want to establish for our clients. In addition, we will continue to support Amundi in international development through our comprehensive and flexible offering of investment services,” said Frédéric Oudéa, Managing Director of Societe Generale. We are pleased to renew our contracts with Societe Generale, Amundi`s partner since its inception. Through this renewal of this partnership in its various components, we can continue to contribute to the development of Societe Generale`s offer and services for its clients in the retail banking sector. This renewal confirms Amundi`s position as a reference partner for retail banking networks in Europe,” said Yves Perrier, Chief Executive Officer of Amundi. Societe Generale and Amundi, which signed their first commercial distribution agreements in 2009. These were renewed when Amundi went public in 2015, when Societe Generale sold all of the group`s shares. Amundi has branches in most European countries to distribute its investment products locally.