Amundi announced a partnership with Excel Capital (XLC), based in Santiago, Chile, to further expand the distribution of its UCITS funds across retail market channels in Chile and Uruguay.
With this alliance, Amundi will strengthen its presence in the region and expand its commitment to distribution partners, private banks and asset management firms in the South Cone.
Excel Capital is one of the largest and most experienced distributors of foreign mutual funds in the Andean Region.
Lisa Jones, Head of the Americas, President and CEO of Amundi US, said: “This partnership further supports our long-term commitment to the region and our dedication to serving our clients. As one of the world’s ten largest asset managers, Amundi has the deep resources and expertise to bring important new opportunities to our distribution and banking partners in Chile and Uruguay. Excel Capital is well known and respected and we are excited to partner with them on this expansion of our strategy.”
Felipe Monardez, Managing Partner of XLC, said: “Amundi is a powerhouse and market leader with an impressive number of actively managed funds covering different regions and asset classes benefiting our clients with best-in-class offerings. We look forward to working with Amundi and building a strong presence with retail investors in the region.”
Amundi opened its office in Santiago in 2008 and has long served the needs of institutional and retail clients in the region. Given the strong demand for active management offered by leading global asset managers, Amundi is expanding its ability to better serve distribution and wholesale partners across Chile and Uruguay.
