PARIS, July 30 (Reuters) – Societe Generale in France has signed a new five-year contract with asset manager Amundi and announced the opening of its private and insurance networks to other asset managers. “We are pleased to renew our contracts with Societe Generale, Amundi`s partner since its inception. Through this renewal of this partnership in its various components, we can continue to contribute to the development of Societe Generale`s offer and services for its clients in the retail banking sector. This renewal confirms Amundi`s position as a reference partner for retail banking networks in Europe,” said Yves Perrier, Chief Executive Officer of Amundi. Societe Generale is included in the main socially responsible investment indices: DJSI (world and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (world, Europe and euro area), four of the STOXX ESG Leaders indices and the MSCI Low Carbon Leaders Index. For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com. Amundi has branches in most European countries to distribute its investment products locally. The group has subsidiaries in Luxembourg (Amundi Luxembourg), Switzerland (Amundi Switzerland, with subsidiaries in Geneva and Zurich), Germany (Amundi Deutschland GmbH, represented in Frankfurt and Munich), Austria (Amundi Austria GmbH), Italy (Amundi SGR SpA) and Spain (Amundi Iberia SGIIC). In Luxembourg, Amundi also owns 50.04% of Fund Channel, an investment fund distribution platform held in a joint venture with BNP Paribas, which owns 49.96% of the company.
In October 2014, Amundi acquired 100% of the capital of Bawag PSK Invest, an investment management subsidiary of The Austrian bank Bawag PSK, and acquired Amundi`s entry into the Austrian market.  Bawag PSK Invest, which was part of the Amundi franchise, manages assets of approximately 4.6 billion euros through a series of 78 funds. The transaction included an agreement with Bawag Bank`s PSK Bank to distribute Amundi`s funds through its network of about 500 branches in Austria. Shortly thereafter, Amundi announced the acquisition of 87.5% of the capital of Kleinwort Benson Investors, a Dublin-based investment management company with branches in Boston and New York with a fortune of 7.6 billion euros.  In 2012, Amundi entered into a distribution agreement with asset manager TOBAM and took a 10.6% stake in the company`s capital (a stake that increased to 20% in 2016).  Societe Generale and Amundi signed their first commercial distribution contracts in 2009. These were renewed when Amundi went public in 2015, when Societe Generale sold all of the group`s shares. Societe Generale and Amundi signed their first commercial distribution contracts in 2009. These were renewed when Amundi went public in 2015, when Societe Generale sold all of the group`s shares. Press Contacts: Societe Generale – Corentin Henry -33 (0)1 58 98 01 75 email@example.comAmundi – Natacha Andermahr-Sharp – 33 (0) 1 76 37 86 05 firstname.lastname@example.org The acquisition enabled Amundi to expand its distribution network in Italy, Italy Germany and Austria, where Pioneer Investments already had a well-established presence, have also strengthened its investment management expertise.  Italy has become Amundi`s second largest market after France.
In the United States, the name “Pioneer” was retained and merged with Amundi to create a new brand, “Amundi Pioneer”.