Valérie Baudson, CEO of Amundi, Europe’s largest asset management company recently remarked that she is “very happy” with the company’s presence in India and that they are invested in the country “forever.”
She lauded her company’s two-decade-long partnership with SBI Mutual Fund, the country’s largest mutual fund house, managing ₹10.77 lakh crore in assets.
The French asset management company with over €2 trillion in assets under management, serves a thousand institutional clients globally and about 100 million retail clients through 600 savings and wealth partners worldwide.
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Amundi boss praises SBI
“I think we have a balanced relationship with SBI for 20 years now,” Baudson said in a recent interview. [Source: MoneyControl]
She further said, “Increasing the stake has never been on the table. The deal from the very beginning was that SBI wanted an international partner to help them grow (in other geographies). It’s been a win-win partnership.”
The CEO further showed her optimism in the Indian economy. She said, “Even if the growth has slowed down a little bit in the first quarter, compared to the rest of the world, it's still an incredible growth. It (India’s GDP growth) is between 6-7 per cent. Growth will be much less in China and no more than 2 per cent for the U.S. next year.”
Commending India’s technological advancements, Amundi’s boss remarked, “Besides, technology is one of the reasons that India is becoming so important in the world, some of the best talents in the field are from here. The financial industry too is incredibly solid and efficient in India, which is always a sign of solidity in the country (which builds trust).”
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