Amundi cutting 70 in Asia, moving funds to London

Amundi, Europe’s biggest fund house, is laying off the bulk of its investment and operations staff across Hong Kong and Singapore in a post-merger restructuring that will see some 70 individuals leave the Asian business, AsianInvestor can reveal.  The Paris-based firm, with €1.28 trillion ($1.51 trillion) under management after acquiring Pioneer Investments this year, is integrating its Asia equity and fixed income teams into its emerging-market business in London. Amundi is als…