Amundi has set up a business to act as an outsourced chief investment officer (CIO). The business is targeting institutions and family offices.
The firm said it had offered outsourced CIO for some years but that it has now formally established an ‘OCIO [outsourced CIO] Solutions Division’ within its multi-asset investment platform.
The new offering captures some or all of the investment functions typically performed by an investment committee.
The business covers areas such as governance and strategy, asset allocation, manager selection, and risk management, building upon what the firm calls “state-of-the-art” infrastructure.
It consists of 28 investment experts, whilst leveraging its multi-asset platform comprising over 200 people, as well as 140 analysts and researchers.
Laurent Tignard, head of the division, said: “Institutional investors are facing a series of challenges: low interest rates, macro and markets uncertainties, and IT and regulatory pressures.”
He added that the division will aim to optimise operational infrastructure, reduce costs, and improve better decision-making and risk management.
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