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Wafa Gestion
Wafa Gestion, a 1995 joint venture between Attijariwafa Bank and Amundi, anchors Morocco's fund-management industry from Casablanca.
Wafa Gestion
Wafa Gestion was established in 1995 as a strategic partnership between Attijariwafa Bank, Morocco's largest financial institution, and Amundi, the Paris-headquartered asset manager with over €2 trillion under management. The founding created a hybrid entity: a local operator with pan-African ambitions, structurally backstopped by a European giant. The firm is headquartered in Casablanca and operates as a subsidiary within the Attijariwafa group, serving as its primary investment engine. Wafa Gestion deploys across asset classes including Moroccan equities, government and corporate fixed income, money market instruments, and diversified balanced mandates. The firm manages a comprehensive suite of UCITS-compliant mutual funds, institutional discretionary portfolios, and retirement savings vehicles that anchor Morocco's pension ecosystem. Its equity funds concentrate on the Casablanca Stock Exchange, where Attijariwafa group entities rank among the most heavily weighted names, while its fixed-income strategies draw on the deep liquidity of Moroccan sovereign and bank-issued paper. The firm's open-architecture model permits selective co-investment alongside Amundi's global research and risk-management infrastructure. The firm's scale reflects its parentage. Attijariwafa Bank's retail and corporate distribution network reaches millions of Moroccan clients, giving Wafa Gestion a captive subscriber base unmatched by independent competitors in Casablanca. The company also serves institutional clients including Moroccan pension funds, insurers, and corporate treasuries. Its governance and investment processes align with Amundi's European compliance framework, subject to oversight by the Moroccan Capital Market Authority. Wafa Gestion's structural differentiator is its dual-parent architecture: a subsidiary of a publicly traded, pan-African banking group, formed under a partnership agreement with a European asset manager that holds a minority stake. That hybrid shape gives it access to both Amundi's institutional portfolio construction methodology and Attijariwafa's on-the-ground distribution across Francophone Africa, making it a rare conduit between European institutional standards and Moroccan capital markets.
General information
Firm type
Generalist
Year founded
1995
AUM
Undisclosed
Location
Region
Africa
Country
Morocco
City
Casablanca
Corporate office
Casablanca, Morocco
Sector focus
Frequently asked questions
Who owns Wafa Gestion?
Wafa Gestion is a subsidiary of Attijariwafa Bank, Morocco's largest banking group, which is publicly listed on the Casablanca Stock Exchange. Amundi, the European asset management group, holds a minority stake and provides strategic and operational support under the original 1995 partnership agreement. The ownership structure ties the manager's fortunes directly to the Moroccan banking sector while maintaining a formal link to Europe's largest asset manager.
What is Wafa Gestion's relationship with Amundi?
Amundi co-founded Wafa Gestion alongside Attijariwafa Bank in 1995 and retains a minority equity position in the firm. The partnership gives Wafa Gestion access to Amundi's global research, risk-management frameworks, and fund-administration expertise, while operational control and distribution remain firmly with the Moroccan parent.
What does Wafa Gestion invest in?
Wafa Gestion manages strategies across Moroccan equities, government and corporate bonds, money market instruments, and balanced portfolios. Equity mandates focus primarily on the Casablanca Stock Exchange, while fixed-income strategies draw heavily on Moroccan sovereign debt and bank-issued paper. The firm also offers UCITS-compliant mutual funds and manages institutional pension and insurance mandates.
Does Wafa Gestion operate outside of Morocco?
Wafa Gestion is headquartered in Casablanca and primarily serves Moroccan retail and institutional investors. Through the broader Attijariwafa group's pan-African banking network, the firm's products and investment approach reach clients in Francophone African markets where the parent bank maintains subsidiaries.
Is Wafa Gestion regulated?
Yes. Wafa Gestion operates under the supervision of the Moroccan Capital Market Authority (AMMC). Its UCITS fund range follows European regulatory standards, supported by Amundi's compliance infrastructure, and the firm is audited within the larger Attijariwafa group's public-company reporting framework.
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