Amundi to cut Asia staff, funds in post-merger revamp
The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
French giant Amundi is revamping its Asian operations through job cuts and a reduction in fund products as part of a global reorganisation, following its acquisition of Pioneer Investments in July, AsianInvestor can reveal.
Vincent Mortier, Amundi’s deputy chief investment officer and its Asia ex-Japan supervisor, told AsianInvestor the fund manager was restructuring its Singapore and Hong Kong investment teams to focus on multi-asset and emerging markets (EMs).
“We are creating…
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