Amundi Group announces upcoming finalisation of Pioneer Investments purchase and presents its future organisation
The Amundi Group has received all the regulatory authorisations required for the acquisition of Pioneer Investments, which will be finalised on July 3rd. The preparatory work has confirmed the new group's directions for expansion, defined the priorities for its business lines, and established the implementation plan for the integration. This integration, which will take the next two years, will bring cost synergies of €150 million and full-year revenue synergies of €30 million. To achieve this potential for growth and productivity, the Group is going to adapt the governance of its organisation. This will be based on five pillars: the two divisions corresponding to Amundi's 2 main customer segments (retail customers, and institutional & corporate customers); the management platforms providing all the investment solutions; the Operations, Services and Technology unit; the Business Monitoring & Control unit; and the Finance & Strategy Division. This organisation will operate in over 30 countries.