Amundi, which has assets under management of over over $1.2trn (£920bn, €1.1trn) has ties with the largest sovereign wealth funds, pension funds, institutional and corporate funds all around the world.
The DIFC said Amundi’s decision to choose its regime for its Middle East base strengthened its position as the main regional financial hub for the asset and wealth management industry. The DIFC is currently home to around 200 wealth and asset management companies
Arif Amiri, chief executive of the DIFC said: “We are very pleased that Amundi chose DIFC to expand their regional operations.
“The opening of Amundi’s regional office in the DIFC demonstrates that we are making progress in the delivery of our 2024 growth strategy.”
Nesreen Srouji, chief executive of Amundi Middle East, added: “We are delighted to be establishing our regional office in DIFC, which will allow us to better serve our MENA institutional clients and build upon our 30 plus year history in the region.
“Amundi Asset Management is well on track to develop an even broader range of initiatives to our institutional clients. For example, we recently launched an innovative Green Bond platform, to be targeted to select number of institutional investors regionally and globally,” she said.