Havas Group is betting big on the future of its AMO Network with confirmation that it is to invest $100m over the next five years to enhance the corporate and financial communications consultancy.
Formed in 2001 from Havas Group’s financial communications agencies in London, New York and Paris AMO is an international strategic advisory network spanning 51 nations and 1,200 employees.
Yannick Bollore, chief executive of Havas Group said: “Our corporate and institutional clients are operating in an increasingly complex world, in the face of digital acceleration, fragmented media, disparate audiences and political uncertainty. To make sense of this complexity, they need clear and pertinent strategic counsel, founded on deep local knowledge and comprehensive global reach.”
Angus Maitland, co-chairman of the AMO network added: " Continued close co-ordination of our strategic advisory consultancies together with this investment in our growth strategy will enhance our ability to provide thoughtful counsel to boards and executives by combining our ability to deliver leading edge local market expertise with a global perspective and seamless project management."
The cash injection will enable Havas to grow the network across the US, Europe and China as well as stock a war chest for strategic assets when they become available. In tandem with these moves its leadership team will be strengthened; including the addition of Neil Bennett, CEO of Maitland in London, and Tom Johnson, CEO of Abernathy MacGregor in New York to its working group.
Havas has also moved into cryptocurrency with the establishment of its own blcokchain division.