Finance

Amundi chair Yves Perrier named Editor’s Choice in FN’s Asset Management Awards

Financial News announced the winners of its Asset Management Awards 2021 on 21 October.

This year’s Editor’s Choice award went to Yves Perrier in recognition of the work he has done to shape the European asset management sector during more than 30 years in the investment industry, including a decade in charge of Amundi.

Perrier announced in February that he was stepping down as chief executive of Amundi, making way for Valérie Baudson to take the helm.

He was instrumental in the formation of what became Europe’s largest asset manager after Credit Agricole and Societe Generale merged their asset management businesses in 2010. He also presided over Amundi’s stock market listing five years later.

During his time overseeing the Paris-headquartered fund manager, Perrier forged a reputation as one of Europe’s most successful dealmakers.

Perhaps his most notable transaction was the purchase of Pioneer Investments from UniCredit in 2016 — a landmark €3.5bn deal that significantly increased Amundi’s distribution footprint and scale.

More recently, he was responsible for striking a deal with Bank of China subsidiary BOC Wealth Management in 2019 to establish a joint venture. The French firm’s 55% stake meant it was the first tie-up between two companies where a foreign shareholder owned a majority stake in a Chinese asset manager.

In 2020, Perrier oversaw the acquisition of the investment business of Spain’s Banco de Sabadell in a €430m deal, and just one month before his departure from the top job Amundi announced it had agreed to acquire Lyxor for €825m.

Following his departure as CEO, Perrier became chair of the Amundi board, replacing Xavier Musca.

FN asked Perrier to say a few words. Below is a video from Amundi.

To contact the author of this story with feedback or news, email David Ricketts

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