Amundi - Corporate Social Responsibility Report 2016

2016 Corporate Social Responsibility Report

“In 2016, Amundi successfully implemented its development strategy.”

Xavier Musca Chairman of the Board of Directors, Deputy Chief Executive Officer of Crédit Agricole S.A.

I n its first year as a listed achieved all of the commercial and financial goals it had set. In 2016, Amundi continued to develop; its business activity remained robust, and it achieved a steep increase in revenues and net income. These performances reflect well on Amundi’s strategy and business model, under which it has continued to grow in a still-uncertain global environment. Its earnings growth combined with a solid financial structure also allows it to offer its shareholders an attractive dividend payout. The dividend submitted this year for shareholder approval at the Annual General Meeting will company, Amundi, Europe’s leading asset manager (1) ,

be up by more than 7% from the previous year and equivalent to 65% of consolidated net profit. In December 2016, Amundi announced the acquisition of Pioneer Investments, the asset management arm of the Italian group UniCredit. This deal, which is expected to close late in the first half of 2017, aims to consolidate Amundi’s leadership and make it one of the industry’s top global players. It comes with a strategic long-term partnership with UniCredit for distributing savings solutions to its customers. This acquisition is part of Amundi’s selective external growth strategy announced upon its November 2015 IPO. It will make Amundi one of the world’s top 10 asset managers, with total AuM of €1.3 trillion. Its considerable synergies will also

create significant value for Amundi shareholders.

Amundi’s internal and external growth strategy is an integral part of Crédit Agricole S.A.’s development plan. The Crédit Agricole group has made savings management one of its priorities by developing an enhanced approach to customer advisory, which is one of the hallmarks of its full-service local banking strategy.

(1) No.1 European asset manager based on global assets under management (AUM) and headquartered in Continental Europe – Source IPE “Top 400 asset managers” published in June 2016 and based on AUM as at December 2015.

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