Marco Pirondini was appointed executive vice president and chief investment officer, U.S. of Amundi U.S., effective Jan. 1, 2024.
Pirondini will replace Ken Taubes, who will focus full-time on his existing portfolio management responsibilities, said a Nov. 15 news release.
In his role as CIO, Pirondini will assume the oversight of the investment organization at Amundi U.S., including equity, fixed income and trading.
As U.S. CIO, Pirondini will also remain lead portfolio manager of several global equity and multiasset portfolios.
Pirondini was formerly head of equities, U.S. at Amundi U.S. A spokesperson for Amundi said that Pirondini will continue to lead the U.S. equity team, but as U.S. CIO he will no longer keep the head of equities, U.S. title. Also, that latter position will not be filled, the spokesperson added.
Taubes led the Amundi U.S investment team for 15 years and has served as a portfolio manager at since 1998. In 1999, Taubes became director of fixed income investments, U.S., and in 2008 he was named director of portfolio management, overseeing the entire U.S. investment organization. His title was changed to CIO, U.S. in 2015.
Amundi U.S. is the U.S. business of Amundi Asset Management of France.
The French parent has about €2.1 trillion ($2.6 trillion) of assets under management.
AUM figures for Amundi U.S. are not disclosed.