Amundi, the asset management business owned by Societe Generale and Crédit Agricole, attracted €11.1bn in net new money in the first quarter of the year, with institutional clients accounting for the majority of those strong flows.

Assets at the firm were up 2.6% to €746.2bn over the quarter as a result of the robust net inflows as well as currency moves and market performance, according to results published by Crédit Agricole on Tuesday.