MONEY MANAGEMENT

Amundi taps head of European equities

Laurent Ducoin joined Amundi as head of European equities, a spokeswoman said.

Mr. Ducoin replaces Olivier Baduel. Further details were not available by press time.

Mr. Ducoin reports to Romain Boscher, global head of equities. Amundi has €850 billion ($926.7 billion) in assets under management.

Mr. Ducoin was previously head of the European equity team and a fund manager at Carmignac. A spokeswoman for Carmignac said he was replaced by Muhammed Yesilhark. Previously, Mr. Yesilhark and his team managed a large European equity portfolio for four years at SAC Global Investors.