Former Amundi CEO Yves Perrier will step down as chair of the firm after two years in the role.
Phillippe Brassac, who currently sits on the board as a director, will replace him following the firm’s annual general meeting on 12 May. He has been chief executive of Crédit Agricole, Amundi’s parent company, since 2015.
Perrier was the European asset manager’s CEO from its inception in 2009 until taking up his role as chair in 2021. After stepping down, he will continue as honorary chair.
Brassac labelled Perrier ‘the architect’ of Amundi’s creation following the merger of the asset management arms of Crédit Agricole and Société Générale.
He said: “Under his leadership, Amundi has made responsible investment a hallmark of its strategy, in line with the orientations of the Crédit Agricole Group.
“I would also like to underline the exemplary nature of the managerial transition carried out which has enabled Amundi – the 2021 and 2022 results attest to this – to confirm its profitable development momentum.”
As of the end of 2022, Amundi managed over €1.9trn (£1.67trn) across its institutional, retail and corporate clients.
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