UniCredit Plans to Pull Almost All Money From Amundi by Mid-2027

UniCredit Plans to Pull Almost All Money From Amundi by Mid-2027

UniCredit SpA is rapidly cutting the amount of client money it invests through Amundi SA and wants to reduce the level to almost zero in less than two years, casting further doubt on a deal that will be up for renewal.

UNICREDIT PLANS TO PULL ALMOST ALL MONEY FROM AMUNDI BY MID-2027

Amundi (ENXTPA:AMUN) Faces UniCredit Asset Shift as Quarterly Net Income Slips – What’s Next?

Amundi reported third-quarter 2025 results with revenue rising to €815 million and nine-month revenue reaching €2.52 billion, while quarterly net income declined to €249 million year-over-year and assets under management increased 2.2% to €2.32 trillion. UniCredit announced plans to drastically reduce its client money invested through Amundi by mid-2027 due to fee concerns, altering a longstanding partnership since 2016. Next, we will consider h…

BNP Paribas signals interest in asset management deal as UniCredit drifts from Amundi

BNP Paribas has let it be known that it would consider forming an asset management alliance with UniCredit, as a Bloomberg report said that the Italian lender is speeding up its separation from Paris-based Amundi, Europe’s largest asset manager. With uncertainty surrounding the renewal of UniCredit’s distribution agreement with Amundi beyond mid-2027, BNP Paribas CEO

UniCredit to pull client funds from Amundi by mid-2027

UniCredit is reducing the amount of client money it invests through Amundi and according to a Bloomberg report, aims to reduce the level to almost zero in less than two years. The move reflects the bank’s frustration with the fees it pays under an asset management deal that is coming up for renewal. Amundi was created in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale. Crédit Agricole later acquired S…