Major European asset manager Amundi has created a division for outsourced CIO (OCIO), or fiduciary management, solutions aimed at institutional investors and family offices.
In a statement, it said it had formally established the division “against a backdrop of increasingly complex operational and investment challenges for institutional investors, exacerbated by the recent crisis”.
Embedded in Amundi’s multi-asset investment platform, the new division combines 28 OCIO experts, dedicated to specific client types, including pension funds.
The new arrangement is intended to help address clients’ strategic, investment and operational needs. OCIO solutions covered include governance and strategy, tactical asset allocation, asset liability management, funds and managers selection, portfolio and risk management, and risk overlays.
The OCIO specialists in the new division are located in Paris, Milan, Munich and Hong-Kong, which Amundi said was for increased proximity with clients.
Laurent Tignard, head of Amundi’s OCIO solutions division, said: “Institutional investors are facing a series of challenges: low interest rates, macro and markets uncertainties, and IT and regulatory pressures.
“They can outsource this operational investment complexity to Amundi as an OCIO Partner and focus on their core business. We will optimise their operational structure, help them reduce costs, improve investments decision-making and provide better visibility and control of overall risks, both operational and investment.”
Amundi has been offering OCIO solutions to external clients since 2009, with some €44bn managed on behalf of non-group companies.