The past couple of weeks saw a slew of changes and job openings at institutional investors, including a new CEO at Amundi and leadership moves at some of the largest sovereign wealth funds, retirement plans, endowments and money managers around the world.
Valerie Baudson was named CEO of Amundi, effective May 10.
She is replacing Yves Perrier, who will become chairman of the money management giant. 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, indexing 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.
Mr. Perrier said 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."