Amundi Technology announces the acquisition of robo-advisor Savity

As a digital 'robo-advisor', Savity provides retail clients access to professional asset management services. Savity uses state-of-the-art technology to build segregated portfolios for clients, with different risk profiles, taking into account their investment objectives and sustainability preferences. Savity currently offers four investment options. Following the acquisition, Savity clients will benefit from the extensive and global Amundi investment expertise to manage diversified and efficient portfolios.

With robo-advisor Savity, Amundi aims to meet the growing need for digitalized financial services in Austria, particularly for digital portfolio management. Savity is a perfect fit with the innovative offering of Amundi Technology¹, the technology arm of Amundi, complementing and accelerating the development of its digital segregated portfolio management solutions. Expanding its technology solutions range with Savity enables Amundi to better serve its partners, distributors and ultimately their retail clients in Austria. This acquisition will help Amundi address clients’ specific digital transformation needs with an open and agile approach, with the objective of developing new smart & innovative tools.

Guillaume Lesage, Chief Operating Officer of Amundi, said: "At Amundi, our goal is to serve our distribution partners beyond the product offering to meet their customers' growing need for investment advice and innovative, tailored and cost-effective technology solutions. Savity precisely meets these requirements and enhances Amundi Technology’s footprint in the B2B segment. This powerful technology, combined with our expertise in robo-advising and the extensive portfolio management capabilities of Amundi will further drive the development of Savity.”

Gabriele Tavazzani, CEO of Amundi Austria, added: “With Savity, we are broadening our digital technology services in Austria and meeting clients’ needs for investment advice and performing tools admidst the growing digitalization of  financial services and in particular portfolio management in Austria, a trend accelerated by the COVID pandemic. This new offer will enhance our development as the leading European technology provider in the Austrian market. Thanks to the extensive capabilities of Amundi, we will be able to not only serve existing Savity direct clients, but also provide new digital tools and services to our partners.”

¹ Amundi Technology is a business line of Amundi providing technology solutions for Asset managers and players in the savings industry.