Amundi, a leading European asset manager with €2 trillion in assets under management (AUM), has recently made a strategic move by purchasing Aixigo, a digital wealth management software provider from Germany, for €149 million. Known for its API-based platform Aixigo:BLOXX, Aixigo supports over 20 clients in Germany, Switzerland, and the UK, including major financial institutions such as BNP Paribas and Commerzbank. This acquisition is set to integrate Aixigo’s 150 team members into Amundi Technology, enhancing its Alto solution, which currently serves over 60 clients in Europe and Asia. The merger is not just a simple addition of resources; it represents a significant step towards business growth, revenue increase, and cost synergies, with Amundi projecting a return on investment of more than 12% within four years.
Strategic Expansion and Client Impact
Amundi’s CEO Valérie Baudson and COO Guillaume Lesage have outlined this move as a strategic step designed to expand and speed up their service delivery to private banks and wealth managers. By integrating Aixigo’s cutting-edge technology and skilled team, Amundi aims to significantly boost its offerings. Aixigo’s CEO Arnaud Picut is also positive about the acquisition, viewing it as an excellent chance to broaden service scope and utilize Amundi’s expertise. This partnership is anticipated to extend Amundi’s market penetration, especially in Asia, which holds significant growth prospects. For Amundi’s existing clients and partners, this acquisition is set to provide considerable value by upgrading current wealth and portfolio management capabilities. Ultimately, the strategic acquisition of Aixigo will not only strengthen Amundi’s technological infrastructure but also expand their global reach, paving the way for new innovation and service improvements in the wealth management industry.
