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Amundi CEO steps down after building Europe's top fund firm

The French asset management giant's CEO, Yves Perrier, resigns from his post after a decade-long tenure at the firm, during which he led Amundi to become the continent's top money manager. Perrier's deputy CEO takes the reigns to secure a "smooth transition".

Amundi SA Chief Executive Officer Yves Perrier | Photo: Gonzalo Fuentes/Reuters/Ritzau Scanpix

Amundi SA Chief Executive Officer Yves Perrier is stepping down after more than a decade atop the firm he helped build into the largest asset manager in Europe.

Perrier, 67, will become chairman of the French firm he has led since its creation in a 2010 merger of the asset-management arms of banking giants Credit Agricole SA and Societe Generale SA, according to an earnings statement on Wednesday. He’ll be succeeded as CEO by his deputy Valerie Baudson, who currently heads Amundi’s exchange-traded fund business as well as its thematic investing unit.

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