European asset manager Amundi announced the acquisition of aixigo, an Aachen, Germany-based technology company that has developed a modular service offering for distributors of savings solutions.
The amount of the deal was €149M.
The deal will enable aixigo to accelerate the deployment of technological solutions to distributors of savings products.
Led by Arnaud Picut, Chief Executive Officer, and Christian Friedrich, Executive Board Member and co-founder, aixigo provides an API platform to enable new services to be deployed quickly and easily into existing IT infrastructures of banks and financial intermediaries. aixigo and its 150 staff members currently serve over 20 clients, including international financial institutions representing over €1 trillion in assets under management. Some 60,000 advisors already use aixigo’s services daily to onboard clients, build and manage allocations, place orders and generate reports.
The client and geographical coverage of Amundi in this market will be further enhanced by aixigo’s client base in Germany, Switzerland and the UK.
Amundi’s tech subsidiary, Amundi Technology, led by CEO Benjamin Lucas, has also enhanced its offering, providing the investment and savings industry with technological solutions for portfolio management, employee savings & retirement, wealth management and asset servicing. Its diversified client base comprises over 60 clients, including banks, private banks, pension funds, insurers, fund custodians and asset managers in Europe and Asia.
From this point on, aixigo’s tools will be part of the solutions Amundi Technology provides to its clients across the entire savings value chain.
FinSMEs
15/11/2024