Societe Generale has been involved with the asset management house since entering a venture with a fellow French lender 15 years ago.

Amundi, which at the end of September this year had €2.317 trillion ($2.69 trillion) of assets under management, yesterday inked a new five-year partnership with fellow France-headquartered firm Societe Generale. SocGen and fellow French bank Crédit Agricole formed Amundi in 2010.

The new partnership agreement, which will come into effect once the contractual documentation has been finalised, will be subject to obtaining any required regulatory approvals, Amundi said in a statement yesterday. 

Under distribution agreements initiated in 2010, Amundi is the primary provider of savings and investment solutions for Societe Generale’s retail banking and insurance networks. Societe Generale Securities Services is meanwhile one of Amundi’s primary providers for securities services.

Amundi has six international investment hubs and employs 5,600 people in 35 countries. 

The group set its net income for the third quarter of 2025 was €340 million, rising 0.8 per cent on a year ago, on an adjusted basis.