Asset Management

Amundi banks on China in target for €500bn in Asia by 2025

'Asia is a major focus of Amundi's expansion strategy' said Yves Perrier, chief executive of Amundi

Amundi, Europe's largest asset manager, has set an ambitious target to grow assets in Asia to €500bn over the next five years, and is banking on its recent joint venture in China to help achieve its goal.

The Paris-headquartered group currently oversees €303bn in Asia, having grown assets managed in the region from €118bn at the end of 2015.

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