Amundi CEO steps down from Europe's biggest fund manager


Yves Perrier

PARIS: Amundi Chief Executive Yves Perrier is stepping down after more than a decade running Europe's largest fund manager and will be succeeded by his deputy Valérie Baudson, the group said on Friday.

Perrier, who has led the French firm since its creation in a 2010 tie-up between the asset management arms of banking groups Credit Agricole and Societe Generale, announced his departure as the group reported a record fourth-quarter profit and the resumption of dividend payouts.

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