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Amundi opens Polish subsidiary

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Amundi has launched a Polish subsidiary called Amundi Polska.

Fathi Jerfel, deputy CEO of Amundi and head of investment solutions for the retail network division, says: “With over EUR45bn in managed assets, Poland is the premier asset management market in Central Europe having grown by 150 per cent in five years. These figures, together with our historical presence in Poland, have led to the decision to create Amundi Polska.”
 
Based in Warsaw, Amundi Polska will prioritise the customers of its shareholders’ banking networks, Crédit Agricole Polska and Eurobank.
 
By 2016, Amundi Polska aims to reach EUR1bn in assets under management and a market share of over three per cent of retail funds.
 
Eric Bramoullé, chief executive officer of Amundi Polska, says: “We will capitalise on Amundi’s strengths that have made its success – the professionalism of our teams, proximity to clients and the quality of our products. Therefore, our sales teams will be based regionally in order to be close to the networks. We are developing a simple, straightforward product range consisting of five locally-domiciled funds which focus on clients’ needs.”

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