CreditEase and Amundi Establish Strategic Cooperation Partnership

BEIJING, March 21, 2018 /PRNewswire/ -- CreditEase Wealth Management, a wealth management arm of CreditEase, the Beijing-headquartered leading fintech conglomerate in China, has signed a strategic cooperation agreement with Amundi Asset Management ("Amundi"), Europe's largest asset manager by asset, on March 21 in Beijing, making the company the first strategic partner of Amundi in China in the wealth management sector.  

The two companies will deepen their cooperation further in global asset allocation, wealth management solutions, risk management and control, relationship development with local regulators and industry institutions.

Jean-Maurice Ripert, French ambassador to China said at the ceremony: "The global financial environment remaining challenging and competitive in recent years, the transnational cooperation, which is one of the representative examples of China-France exchanges and cooperation, will benefit both sides and lead to more exchanges and cooperation cases between the two countries."

"The strategic partnership brings a win-win situation: It will not only affirm the leading positions of CreditEase in wealth management industry, but also help Amundi explore financial market in China," said Tang Ning, founder and CEO of CreditEase at the ceremony, stressing that it is an important step for CreditEase to build strategic partnership with asset management company in Europe.

"Through the cooperation, CreditEase will improve its financial management ability and acquire more institutional clients," Tang said.

"We also introduce Amundi, which used to serve only for ultra-high-net-worth clients, to the Chinese high-net-worth individuals, who will have more choices for their global wealth allocation," he added.

CreditEase Wealth Management provides integrated solutions on global asset allocation and overseas life service for hundreds of thousands of Chinese high-net-worth and ultra-high-net-worth clients in China, meeting their five requirements in life, study, investment, public welfare and inheritance.

Owning many renowned partners such as Wellington, Morgan Stanley, KPCB and IDGcapital, the company has established its offshore offices in Singapore, Israel, the US, and Hong Kong.

"Amundi and CreditEase join hands based on their high capabilities in investment, internationalization and risk control," said Zhong Xiaofeng, Chief Executive Officer of Amundi Asset Management in North Asia, adding that, "CreditEase will develop faster than before after the cooperation with excellent management team and active customers."

Headquartered in Paris, Amundi is a legendary financial firm in the asset management industry, known for its one hundred years of financial experience and internationally advanced risk control techniques.

It has been listed on Euronext Paris since November 2015, which was, at the time, the largest initial public offering on the Paris stock exchange for 10 years.

In December 2016, the company announced that it was buying Pioneer Investments from the Italian bank UniCredit, bringing the total of assets under management at 1.276 trillion euros, and making Amundi the world's top ten asset manager last year.

Amundi has offices in 37 countries and territories and local investment teams in Boston, Dublin, London, Milan, Paris and Tokyo.

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