During the presentation of its annual results, Amundi announced that Valérie Baudson will replace Yves Perrier as CEO of the company. Meanwhile, Perrier has been appointed Chairman of the board of directors.
According to Europe’s biggest asset manager, this change in leadership will take place next May 10, when Perrier will formally step down. “After 14 years as head of Amundi, Yves Perrier has wished to hand over the general management responsibility. Under his leadership, Amundi enjoyed outstanding development, becoming the indisputable European leader and one of the world leaders in asset management, recognised for the strength of its business model, its growth momentum and its position as a financial player committed to society”, said Xavier Musca, current Chairman of the board, a position he will hold until May 2021.
Musca explained that Perrier will succeed him at the chairmanship, which will allow the company to continue to benefit from his exceptional experience. “This change in governance will ensure a smooth transition and the continuity of Amundi’s development, and will take place following the next Amundi general meeting on 10 May 2021″, he added.
Baudson thanked the board and the general management of the Crédit Agricole Group for the confidence they have shown in her. “It is a honor to be appointed Chief Executive Officer of Amundi and to succeed Yves Perrier, who has built a global leader in asset management. I know that I can rely on his support. I look forward to continuing to develop the company to which I have dedicated my efforts for the past 14 years, in line with our strategy, which has been driving Amundi’s success since it was founded”, she pointed out.
Lastly, Perrier looked back at 2020 and highlighted that Amundi demonstrated the strength of its business model through its economic and financial performance. “2020 also saw the launch of several strategic initiatives that will support the future growth of the company: the renewal of the partnership with Société Générale, the acquisition of Sabadell AM combined with a long-term distribution agreement with Banco Sabadell in Spain, and finally the launch of the new subsidiary in China with BOC”, he concluded.
For Funds Society, Madrid