Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Innovation Investing Conference
    • 2022 Defined Contribution East Conference
    • 2022 ESG Investing Conference
    • 2022 DC Investment Lineup Conference
    • 2022 Alternatives Investing Conference
Breadcrumb
  1. Home
  2. MONEY MANAGEMENT
February 10, 2021 06:45 AM

Amundi lines up next CEO as assets hit $2.12 trillion

Sophie Baker
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Valerie Baudson
    Valerie Baudson

    Valerie Baudson was named CEO of Amundi effective May 10.

    She is replacing Yves Perrier who will become chairman of the money management firm. Mr. Perrier, who has led Amundi for 14 years, replaces Xavier. Musca as chairman.

    Ms. Baudson is CEO of CPR Asset Management, a subsidiary of Amundi, and also leads the exchange-traded funds, indices and smart beta business at Amundi. A spokesman said there is no news yet on any replacements, but any changes will be announced "in due course."

    Ms. Baudson will also become a member of the executive committee and deputy general manager of Amundi's majority shareholder, Credit Agricole.

    The news came as Amundi announced its full-year 2020 results, which saw assets under management increase 4.6% over the year to €1.73 trillion ($2.12 trillion) as of Dec. 31.

    Assets were bolstered by €45.1 billion in net inflows for the year, compared with €107.7 billion in net inflows for the calendar year 2019.

    For the quarter, AUM grew 4% while net inflows were €14.4 billion in the three months ended Dec. 31. That compares with €34.7 billion for the three months ended Sept. 30, and €76.8 billion in net inflows for the three months ended Dec. 31, 2019.

    Institutional assets under management grew 5.5% in 2020 to €1.04 trillion. Quarterly figures were not available. Institutional net inflows were €28.1 billion for the year, compared with €18.5 billion for the previous year. Institutional net inflows were €21.3 billion in the fourth quarter, down slightly from €21.4 billion in net inflows in the third quarter but up from €1.7 billion in net inflows for the same period in 2019.

    Market and foreign-exchange effects added €9.5 billion in 2020, compared with €120.6 billion in 2019. For the fourth quarter, market and foreign-exchange effects added €52.1 billion, up from €15.2 billion in the third quarter and €13.7 billion in the fourth quarter of 2019.

    Adjusted net revenues, however, fell by 4.1% in 2020 to €2.6 billion. Revenues grew 15.9% quarter-on-quarter and by 1.5% vs. the fourth quarter in 2019, to €730 million for the three months ended Dec. 31.

    Net income totaled €910 million for the year, down 5.1% vs. figures for 2019. For the fourth quarter, net income was up 24.4% to €275 million and up 5% vs. figures for the quarter ended Dec. 31, 2019.

    "In 2020, Amundi once again demonstrated the strength of its business model through its economic and financial performance," Mr. Perrier said in a news release accompanying the update. "Amundi has a clear strategy that has been unchanged since the company was founded: remaining an efficient organization with talented and tight-knit management."

    Mr. Perrier said that he "felt it was time to pass on the general management torch. I am pleased that Valerie Baudson has been chosen by the board, because I have total confidence in her ability to continue and amplify Amundi's development trajectory. It is the choice of competence, continuity and shared values."

    Related Articles
    Amundi names U.K. CEO
    Amundi chooses head of new OCIO solutions unit
    Amundi chooses head of liquidity solutions
    Recommended for You
    Arezu Moghadam
    J.P. Morgan Asset Management names global head of data science
    Allianz HQ
    AllianzGI's unprecedented fall ends with U.S. ban
    Simon England-Brammer
    Nuveen targeting private wealth to complement institutional APAC
    Alternatives: Investing Across the Spectrum
    Sponsored Content: Alternatives: Investing Across the Spectrum

    Reader Poll

    May 23, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Crossroads: Politics, Inflation, & Bonds
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Q2 2022 Credit Outlook: Carry On
    Leverage does not equal risk
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    May 23, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Innovation Investing Conference
      • 2022 Defined Contribution East Conference
      • 2022 ESG Investing Conference
      • 2022 DC Investment Lineup Conference
      • 2022 Alternatives Investing Conference