Wafa Gestation
The Middle East’s 30 Biggest Asset Managers 2021

Rank: 5

Wafa Gestion

Country: Morocco

CEO: Reda Hilali

Date of Establishment: 1995

AUM: $14.4 billion

Wafa Gestion is 66% owned by Attijariwafa bank and 34% by French asset management company Amundi. The company’s total asset under management reached $15.8 billion as of April 23, 2021. Wafa Gestion operates through four distribution networks. It has been considered the largest investment manager in Morocco for the last five years, with a market share of 25% as of the end of September 2020. In December 2020, Fitch Ratings confirmed Wafa Gestion’s National Investment Management Quality Rating as “Excellent(mar)” with a stable outlook.