US Tech Banks
Amundi’s total exposure to Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank assets was already negligible before SVB’s collapse : 0.003 % of its global assets under management as of the 8th of March.
Paris, Friday 26 April 2024
Corporate
Buoyed by rising equity and bond markets and strong sales momentum, our assets under management grew by +3.9% in the 1st quarter to €2,116bn at 31/03/2024.
We collected €16.6 billion over the first three months of the year in a balanced way across all our customer segments, our areas of expertise and our various geographical regions, thanks to an offering tailored to our customers' needs and the market environment.
Our revenue growth, combined with tight cost control, enabled us to post adjusted net income of €318m1,2, an increase of 5.9% compared with the first quarter of 2023.
The first quarter was also marked by two major external transactions: the acquisition of Alpha Associates in the field of private assets (private debt, infrastructure and private equity) and the memorandum of understanding with the American firm Victory Capital to strengthen our American and international expertise.
Find out all our results for the 1st quarter of 2024 on our Corporate website
1. Net income Group share
2. Adjusted data: excluding amortisation of intangible assets
Amundi’s total exposure to Silicon Valley Bank (SVB), Signature Bank and Silvergate Bank assets was already negligible before SVB’s collapse : 0.003 % of its global assets under management as of the 8th of March.
In 2022, Amundi did more than resist in a difficult context and continued to develop, thanks to the growth drivers of its Ambitions 2025 plan
Resilient earnings and business activity in an unfavourable market environment