“The key to our growth is to provide the right combination of diversification, protection and income.”  Cinzia Tagliabue

Cinzia Tagliabue

Chief Executive Officer of Amundi Italy and Deputy Head of the Retail Clients Division

2018 was a somewhat peculiar year. “The industry experienced a very strong first half,” says Cinzia Tagliabue “but the slowdown was brutal after the summer.” In an environment of high volatility and geopolitical uncertainty, investors were led to keep large amounts of liquidity and to primarily look for protection, guarantee and income. For Cinzia Tagliabue, the situation could provide opportunities. “We will have to find new solutions, leveraging on the positive net sales we achieved in 2018, and on the recognised expertise we have developed in segregated accounts and Multi-Asset* solutions. We can certainly continue to grow, win additional market shares and become Italy’s leading international asset manager.”

“New investment solutions will be required to meet investors’ expectations.” Cinzia Tagliabue

1st asset manager by net sales in 2018

New premises for higher performance

To improve collaborative work and performance, the entire Italian team – 380 employees – now operates from one single new building in Milan. “The move truly helped build team spirit and foster cooperation and teamwork,” says Cinzia Tagliabue. “Our new offices also offer more space to invite clients or host training sessions.”

Diversification, protection, income

In 2019, Amundi will keep its focus on increasing net sales. “New investment solutions will be required,” Cinzia Tagliabue continues, “like formula funds, protected solutions, accumulation products and new Unit-linked insurance products.” The development of Amundi Services is also high on the agenda, while private debt or alternative assets are areas of progress. “In a nutshell, we will need to provide the right combination of diversification, protection and income,” Cinzia Tagliabue concludes. “And of course, we will further develop our ESG* offer, especially with social impact solutions.”