UniCredit’s Chief Executive Andrea Orcel attended the Bank of Italy’s annual report presentation, emphasizing that the continuation of the bank’s partnership with Europe\u2019s largest asset manager, Amundi, beyond its 2027 deadline will depend on mutual benefits. In 2021, Amundi represented 80% of UniCredit’s assets under management; however, Orcel has been strategically reducing this ratio to enhance the bank’s fee income. He stated at a Bloomberg conference in Milan that Amundi retains a major share of assets, but future agreements will depend on its position as a partner rather than merely a provider. Orcel noted that their partnership’s dynamics have been evolving and expressed cautious optimism about the next two years amid concerns from analysts regarding the implications for Amundi’s earnings due to strained relations with its parent company, Credit Agricole. UniCredit, which sold its fund unit to Amundi in 2017 for \u20ac3.6 billion, is now leaning towards its internal Onemarkets team and a partnership with Azimut to bolster profit margins. Orcel shared ambitions to increase asset management retention from 79% to 85%, indicating that owning an asset manager may no longer be viable once this goal is achieved.<\/p>\n","protected":false},"excerpt":{"rendered":"
UniCredit’s Chief Executive Andrea Orcel attended the Bank of Italy’s annual report presentation, emphasizing that the continuation of the bank’s partnership with Europe\u2019s largest asset manager, Amundi, beyond its 2027 deadline will depend on mutual benefits. In 2021, Amundi represented 80% of UniCredit’s assets under management; however, Orcel has been strategically reducing this ratio to […]<\/p>\n","protected":false},"author":2,"featured_media":5182,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"de","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"landscape":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"portraits":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"thumbnail":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1-150x150.png",150,150,true],"medium":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1-300x300.png",300,300,true],"large":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"1536x1536":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"2048x2048":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1.png",1024,1024,false],"blog-thumb":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1-530x250.png",530,250,true],"blog-full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/11\/news_image_8-1-1024x450.png",1024,450,true]},"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/de\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"UniCredit’s Chief Executive Andrea Orcel attended the Bank of Italy’s annual report presentation, emphasizing that the continuation of the bank’s partnership with Europe\u2019s largest asset manager, Amundi, beyond its 2027 deadline will depend on mutual benefits. In 2021, Amundi represented 80% of UniCredit’s assets under management; however, Orcel has been strategically reducing this ratio to…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/comments?post=5183"}],"version-history":[{"count":1,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5183\/revisions"}],"predecessor-version":[{"id":5184,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/5183\/revisions\/5184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media\/5182"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media?parent=5183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/categories?post=5183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/tags?post=5183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}