An excellent Q4 2020
In 2020, Amundi continued its profitable growth trajectory
Numerous strategic initiatives in 2020
As of 10 May 2021, date of the next General Meeting, the Amundi governance is evolving as following:
Paris, 10 February 2021
Amundi’s Board of Directors, chaired by Xavier Musca, convened on 9 February 2021 to approve the fourth-quarter and full-year 2020 financial statements, and has announced an evolution of the company’s governance as of 10 May 2021.
Xavier Musca, Chairman of the Board of Directors until 10 May 2021, commented:
“After 14 years as head of Amundi, Yves Perrier has wished to hand over the general management responsibility. Under his leadership, Amundi enjoyed outstanding development, becoming the indisputable European leader and one of the world leaders in asset management, recognised for the strength of its business model, its growth momentum and its position as a financial player committed to society.
Amundi’s Board of Directors has appointed Valérie Baudson to succeed him. Yves will succeed me at the chairmanship of the Board, which will allow the company to continue to benefit from his exceptional experience.
This change in governance will ensure a smooth transition and the continuity of Amundi’s development. It has received the full support of the senior management of Crédit Agricole Group. This change will take place following the next Amundi general meeting on 10 May 2021.
Yves Perrier, Chief Executive Officer of Amundi until 10 May 2021 before taking on the role of Chairman of the Board, added:
“In 2020, Amundi once again demonstrated the strength of its business model through its economic and financial performance.
2020 also saw the launch of several strategic initiatives that will support the future growth of the company: the renewal of the partnership with Société Générale, the acquisition of Sabadell AM combined with a long-term distribution agreement with Banco Sabadell in Spain, and finally the launch of the new subsidiary in China with BOC. This growth trend in our core business is enhanced by the creation of Amundi Technology, a new business line dedicated to technology services.
Amundi has a clear strategy that has been unchanged since the company was founded: remaining an efficient organisation with talented and tight-knit management.
In these circumstances, I felt it was time to pass on the general management torch. I am pleased that Valérie 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.
I would like to thank all Amundi employees for their commitment over the years. Amundi's success is their success.
Crédit Agricole Group has played a very important role in Amundi’s development. I would like to thank Philippe Brassac, Chief Executive Officer of Crédit Agricole SA, and Xavier Musca, who has been serving as Amundi’s Chairman of the Board since its IPO, for the unwavering support they have given to me and to the company”:
Valérie Baudson, Chief Executive Officer of Amundi as of 10 May 2021, has stated:
“I would like to thank Amundi’s Board of Directors and the general management of the Crédit Agricole Group for the confidence they have shown in me.
It is a honour to be appointed Chief Executive Officer of Amundi and to succeed Yves Perrier, who has built a global leader in asset management. I know that I can rely on his support.
I look forward, together with the management team and all the teams at Amundi, to continuing to develop the company to which I have dedicated my efforts for the past 14 years, in line with our strategy, which has been driving Amundi’s success since it was founded.”
- ^ Assets under management and inflows including Sabadell AM as of Q3 2020 and include assets under advisory and assets marketed and take into account 100% of the Asian JVs’ inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis.
- ^ MLT assets: Medium/Long-Term Assets, excluding treasury products.
- ^ Proposed at the AGM on 10/05/2021
Head of Press Relations and Digital Communication
Amundi, the leading European asset manager, ranking among the top 10 global players, offers its 100 million clients – retail investors, institutional investors and companies – a complete range of savings and investment solutions in active and passive management, in traditional or real assets.
With its six international investment hubs, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 4,700 employees in nearly 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages over €1.7 trillion in assets.