Amundi chair Yves Perrier to step down
He will be replaced by Crédit Agricole CEO Phillipe Brassac
He will be replaced by Crédit Agricole CEO Phillipe Brassac
‘Merger will create a new number two ETF provider in Europe but combined entity will still be only 30% of the size of iShares’
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£413m) by the European Commission for rigging Euribor rates.
French asset manager Amundi is looking at picking up smaller rivals across the continent.
Amundi demonstrated a strong 2013 according to its annual results, taking in 10.3bn against a difficult backdrop.
France, Italy, Belgium and Spain have all introduced a short-selling ban to quell market volatility.