Amundi, Europe's third-largest asset manager, is shifting its focus outside its French home market as it nears saturation and Asia will be one of the main recipients of this new attention.
The move underscores a broader shift towards the region by asset managers hoping to snap up market share among some of the world's biggest savers, living in some of the fastest-growing economies in the world.
Amundi, created out of a merger between the asset management arms of Crédit Agricole and Société Générale, is aiming for growth in assets under management of about 30 per cent in three years, as it expands its retail business in Japan and strengthens its joint ventures in markets including China and India.
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