Laurent Tignard was named head of Amundi's new OCIO solutions division, a spokesman confirmed.
Mr. Tignard leads the newly formed department, which has €45 billion ($54.8 billion) in assets, the spokesman added. The firm has been offering outsourced CIO solutions to external clients since 2009.
The OCIO unit forms part of Amundi's multiasset investment platform and covers areas including tactical asset allocation, governance and strategy, portfolio and risk management, asset-liability management and risk overlays.
OCIO solutions brings together 28 Amundi professionals from Paris, Milan, Munich and Hong Kong and will leverage the more than 200 staff members working on the multiasset investment platform.
Mr. Tignard joined Amundi as head of multiasset, institutional solutions in 2016. This new role supplants his previous one, the spokesman said.
