As Valerie Baudson takes charge today as chief executive officer of Amundi, Europe's biggest asset manager, she says pressure on margins from low interest rates, intensifying competition from rivals like Blackrock and the development of passive management will be among her biggest challenges.
Add to that an expansion in Asia and rising ambitions for ESG investments, and the 50-year-old has her plate full. Baudson has taken over a firm with about EUR 1.76trn (USD 2.14 trn) under management from Yves Perrier, who’s now chairman.
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