{"id":40031,"date":"2015-02-10T23:57:40","date_gmt":"2015-02-10T22:57:40","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/sale-of-bawag-psk-invest-to-amundi-successfully-closes\/"},"modified":"2015-02-10T23:57:40","modified_gmt":"2015-02-10T22:57:40","slug":"sale-of-bawag-psk-invest-to-amundi-successfully-closes","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/sale-of-bawag-psk-invest-to-amundi-successfully-closes\/","title":{"rendered":"Sale of BAWAG PSK INVEST to Amundi successfully closes"},"content":{"rendered":"<p>The company\u2019s name will remain BAWAG P.S.K.INVEST, with a reference \u201cMember of the Amundi Group\u201d.<\/p>\n<p>In addition, Amundi and BAWAG P.S.K. entered into a long-term partnership where<br \/>\nBAWAG P.S.K. will distribute Amundi\u2019s funds and continue to distribute INVEST products<br \/>\nvia its physical and digital distribution networks. BAWAG P.S.K. has the largest centrally<br \/>\nmanaged branch network with 500 branches across Austria. Amundi will continue to operate<br \/>\nINVEST in Austria.<\/p>\n<p><em>\u201cWe are very proud of this partnership with Amundi, one of the best Asset Managers in the<br \/>\nworld\u201d<\/em>, said Byron Haynes, CEO of BAWAG P.S.K. <em>\u201cBy executing this transaction, we are<br \/>\nable to simplify our Bank and focus on our core franchises \u2013 retail banking &#038; corporate<br \/>\nlending. At the same-time, by entering into a long-term distribution partnership with Amundi,<br \/>\nwe can continue to offer a broad range of fund products to our customers. Overall, this is a<br \/>\nwin-win situation for all parties and in line with our strategy of transforming BAWAG<br \/>\nP.S.K.\u201d<\/em><\/p>\n<p><em>\u201cThis acquisition of INVEST and the long term partnership with BAWAG PSK allow us to<br \/>\nestablish a strong local footprint in Austria and to access to one of the strongest franchises in<br \/>\nretail distribution\u201d<\/em> adds Yves Perrier, Chief Executive Officer of Amundi. <em>\u201dThis transaction<br \/>\nhighlights our recognized expertise as a partner of choice to provide savings solutions to the<br \/>\ncustomers of banking networks\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BAWAG P.S.K. today announces the closing of its sale of<br \/>\nBAWAG P.S.K. INVEST to Amundi. BAWAG P.S.K. INVEST (INVEST) becomes a<br \/>\nwholly owned asset management subsidiary of Amundi with a total of EUR 5.0 billion of<br \/>\nassets under management as of 31st December 2014.<\/p>\n","protected":false},"author":20,"featured_media":40029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,1437,2007,1686],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/40031"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=40031"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/40031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/40029"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=40031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=40031"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=40031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}