Amundi, the leading European asset manager, announces that the Central Bank of Ireland confirmed Amundi as a ‘Super’ Management Company in Ireland. It complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice. With the full scope of AIFMD and UCITS permissions in Ireland, Amundi can now draw on its four major hubs for fund hosting services: France, Luxembourg, Austria and Ireland.
Of the 1.7 billion adults worldwide who are unbanked, women are overrepresented: about 980 million do not have an account, 56% of the world’s unbanked (World Bank). That is the target population of the microfinance sector, which provides a set of financial products and services to people excluded from the banking system.
The General Meeting of shareholders of Crédit Agricole S.A. was held on Wednesday, 13 May 2020, in the presence of the Chairman, Dominique Lefebvre, and the Chief Executive Officer, Philippe Brassac.
CACEIS has seamlessly performed the first of three fund migration waves for asset management firm, Candriam. This operation took place while all teams were teleworking thanks to extensive planning and a robust IT environment.
At the initiative of Grameen Crédit Agricole Foundation, a group of microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19. Grameen Crédit Agricole Foundation, ADA, Alterfin, Cerise, CIDR Pamiga, Cordaid Investment Management, Crédit Agricole CIB India, CA Indosuez Wealth (Asset Management), Crédit Agricole S.A., European Microfinance Network, FS Impact Finance, InFiNe.lu, Inpulse, Luxembourg Microfinance And Development Fund, MCE Social Capital, Microfinance Centre, Rabo Foundation, SIDI, SIMA and Social Performance Task Force are the first signatories of a common pledge that aims to support microfinance institutions and fragile clienteles during this crisis.
In 2019 emerging market green bond issuance rose 21% to $52 billion, with China the largest issuer
2019 marks success in global green bond market with record issuance of $240 billion
Need for green investments is crucial: current pandemic shows responsible investors in emerging markets can collaborate with issuers through green bonds to unlock long-term capital and help issuers become more resilient for shocks to come
Crédit Agricole absorbs the Covid-19 impact and is mobilised for the economy
CACEIS in Spain migrated Popular Asset Management and Popular Pensiones business while all staff worked from home.
Crédit Agricole Group accounts for 30% of bank cards in France and has been working to ensure that as many customers as possible will be able to benefit from this measure starting on 11 May.
A 100% operational company for its customers despite the crisis
High levels of activity and results maintained
Amundi announces the appointment of Gabriele Tavazzani as CEO of Amundi Austria, effective 1 May 2020. He takes over from Werner Kretschmer who has decided to leave the company for personal reasons. Werner Kretschmer will remain advisor to Amundi Austria.
IDIA Capital Investissement, with three other private equity companies of the Crédit Agricole group (Sofilaro, Grand Sud-Ouest Capital and Nord-Midi Pyrénées Développement) took a €15 million minority stake in Amarenco. With this full capital deployment, the Crédit Agricole group becomes the first institutional shareholder of the Amarenco group, alongside the co-founding shareholders and Irish family offices.
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