Tag: Amundi

Incoming individual joins after a 12 year tenure at BlackRock; previously served at Avalon Capital Markets, Lehman Brothers and Nomura.  

The past week saw appointments across credit and rates trading, electronic equity trading, and execution.

The move follows Groupama Asset Management and Amundi Intermediation’s strategic partnership, announced in May, which saw the firms merge their trading capacities to enhance trading efficiencies.

The desk will act as an intermediary between banks’ capital markets teams and Amundi’s portfolio management teams.

European ETFs have seen growth over the last year, achieving a new monthly record of $29.06 billion in January 2022.

The asset manager said the deal could help it to achieve 50% growth in passive assets under management and use of its alternative UCITS platform by 2025.

Ahead of TradeTech, deputy equity head of dealing at Amundi, Frédéric Pons, tells The TRADE that as automated processes become a larger part of the trading landscape, adding alpha will be the second phase of this trend. 

The sale of Lyxor Asset Management will boost Amundi as a leader in European ETFs and conclude the major restructure programme at Societe Generale.

The firm said it expects the Amundi Technology line to become the new growth driver in the Amundi Group, with a predicted revenue of €150 million within five years.

Gaze into The TRADE's crystal ball for insights from buy-side market participants, exchange operators and trading venues on their predictions for the year ahead.