Amundi Know-how has agreed to amass aixigo in a deal valued at $157 million.
Amundi will leverage the acquisition to strengthen its function as a number one know-how and companies supplier within the asset administration area.
Aixigo final demoed its know-how on the Finovate stage at FinovateFall 2018 in New York.
Amundi Know-how, an asset supervisor based mostly in France, has acquired German wealth administration platform supplier aixigo. The transaction has been valued at $157 million (€149 million).
The acquisition is designed to assist banks and monetary establishments combine technological options into their IT infrastructures quicker. Including aixigo will assist Amundi develop additional as a know-how and companies supplier, enabling the agency to supply a extra complete vary of companies. The acquisition can even increase Amundi’s geographical attain because of aixigo’s buyer base in Germany, Switzerland, and the U.Ok.
“Becoming a member of Amundi Know-how presents aixigo with a singular alternative to increase our service choices and leverage Amundi’s experience, permitting us to turn into the undisputed European chief earlier than steadily extending our attain into Asia, a imaginative and prescient that completely aligns with our values and ambitions,” aixigo CEO Arnaud Picut mentioned.
Based in 1999, aixigo presents modular, intuitive wealth administration know-how. The corporate’s aixigo:BLOXX wealth administration platform is a totally customizable answer that allows monetary companies suppliers to design wealth administration companies that match their particular necessities and preferences. Portfolio evaluation and reporting, digital portfolio administration, danger administration, monetary planning, and funding recommendation are among the many options of aixigo’s high-performance, API-based platform.
With a employees of 150, aixigo serves greater than 20 purchasers representing greater than $1.05 trillion (€1 trillion) in property underneath administration. The corporate experiences that 60,000 advisors use aixigo’s know-how every day for every thing from shopper onboarding to report era. Amundi is a number one European asset supervisor with 100 million retail, institutional, and company purchasers. A subsidiary of the Crédit Agricole Group, Amundi manages $2.3 trillion (€2.2 trillion) in property.
“With the addition of recent experience, which has already been adopted and acknowledged by main monetary corporations, we are going to proceed to roll out new modern companies, and play an lively half within the growth of the monetary advisory and wealth administration sector,” Amundi Chief Government Officer Valérie Baudson mentioned. “This transaction will create vital worth for our purchasers, companions, and shareholders.”
Headquartered in Aachen, Germany, aixigo made its Finovate debut at FinovateEurope 2017. The corporate most just lately demoed its know-how earlier than Finovate audiences at FinovateFall 2018 in New York.
Photograph by Kai Pilger
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