CreditEase Wealth Management, a wealth management arm of CreditEase, announced on Wednesday it has signed a strategic cooperation agreement with Amundi Asset Management (Amundi), a France-based asset managing company. According to CreditEase, through this new partnership, the two companies will deepen their cooperation further in global asset allocation, wealth management solutions, risk management and control, relationship development with local regulators and industry institutions. While sharing detail about the partnership, Jean-Maurice Ripert, French ambassador to China, stated:
“The global financial environment remaining challenging and competitive in recent years, the transnational cooperation, which is one of the representative examples of China–France exchanges and cooperation, will benefit both sides and lead to more exchanges and cooperation cases between the two countries.”
Tang Ning, founder and CEO of CreditEase, also commented:
“The strategic partnership brings a win-win situation: It will not only affirm the leading positions of CreditEase in wealth management industry, but also help Amundi explore [the] financial market in China. Through the cooperation, CreditEase will improve its financial management ability and acquire more institutional clients. We also introduce Amundi, which used to serve only for ultra-high-net-worth clients, to the Chinese high-net-worth individuals, who will have more choices for their global wealth allocation.”
Zhong Xiaofeng, Chief Executive Officer of Amundi Asset Management in North Asia, went on to add:
“Amundi and CreditEase join hands based on their high capabilities in investment, internationalization and risk control. CreditEase will develop faster than before after the cooperation with excellent management team and active customers.“
CreditEase Wealth Management reported that it provides integrated solutions on global asset allocation and overseas life service for hundreds of thousands of Chinese high-net-worth and ultra-high-net-worth clients in China, meeting their five requirements in life, study, investment, public welfare, and inheritance.