Groupe VYV and Ofi Invest Forge Transformative Asset Management Alliance
13 NOV, 2023
By Johanna Zidani from RankiaPro Europe
Groupe VYV and Ofi Invest Asset Management have cemented a significant and enduring partnership in the realm of asset management. This collaboration signifies a strategic move toward harnessing comprehensive management capabilities and aligning mutualist values to serve members and affiliated entities.
Groupe VYV initiated a meticulous selection process seeking market actors capable of meeting stringent criteria, aiming to provide members and affiliated entities with the vast resources and competitive prowess offered by a prominent French asset manager. Ofi Invest Asset Management emerged as the sole management delegatee for Groupe VYV's investment securities and will also oversee asset management-related services, following the divestment of EGAMO, VYV's asset management subsidiary, to Ofi Invest.
Strategic Vision and Impact
This alliance, scheduled to commence on January 1, 2024, subject to regulatory approvals, amalgamates the expertise of EGAMO with Ofi Invest's dynamic capabilities, particularly in responsible investment. The move reflects the alignment of ambitions between Ofi Invest and Groupe VYV, with a strategic focus on expanding services in the realm of savings, bolstered by Ofi Invest's competence in this domain.
"Our Board of Directors has chosen Ofi Invest Asset Management as its partner. Ofi Invest AM is a competitive and benchmark player in responsible investment that will support Groupe VYV in fully realizing its strategic ambitions in Savings and Investment on behalf of all our members."
Delphine Maisonneuve, CEO of Groupe VYV
"We are very pleased to form this asset management partnership with Groupe VYV and all its entities. In pooling all the advantages of EGAMO and Ofi Invest Asset Management, particularly in insurance assets, we are enhancing our ability to serve all our clients, to help them meet the challenges that are impacting the world of insurance and asset management, and to seize new development opportunities. This is a new, successful stage in Ofi Invest’s development."
Jean-Pierre Grimaud, CEO of Ofi Invest
