The Group's total assets under management in the fourth quarter rose by 133 billion euros to 2,037 billion euros. For the most part, inflows of 13.2 billion euros - excluding the contribution of joint ventures in Asia - were driven by treasury products and "passive" management.Europe's leading asset manager, controlled by Crédit Agricole, also announced the acquisition of Zurich-based private asset multi-management group Alpha Associates, which manages around 8.5 billion euros in assets.
During a conference call with journalists, the group's CEO, Valérie Baudson, indicated that Amundi would pay a maximum of 350 million euros, with an initial payment of 160 million euros and a second payment of up to 190 million euros depending on Alpha Associates' growth.
Valérie Baudson confirmed the Group's objectives for 2025, including average annual growth in net income of around 5%. The fund manager also indicated that it would propose a dividend of 4.10 euros per share, in line with the 2022 dividend.
Amundi posted fourth-quarter adjusted net income of 313 million euros, in line with market expectations and up 3.4% year-on-year.
The Group's adjusted net revenues for the same period rose by 2% to 806 million euros.
(Reported by Mathieu Rosemain, Augustin Turpin, edited by Jean Terzian)