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October 14, 2021

Amundi names new chief for South Asia

By Verdict Staff

French asset manager Amundi has elevated Albert Tse to the position of CEO of South Asian unit. He is currently the head of distribution sales and marketing of the company in South Asia.

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Tse succeeds Eric Bramoullé, who has been appointed as head of marketing & products of Amundi and a member of the executive committee.

Prior to joining Amundi, he was head of the intermediary business of Southeast Asia and head of Malaysia & Thailand Businesses at Schroders.

Tse joined Schroders in 2003 as a member of the Mutual Funds Retail sales team for Singapore and became the head of intermediary distribution in the region in 2008.

Later in 2010, he was appointed as head of the intermediary business in Southeast Asia. He was also responsible for business development with private banks in Asia from 2014 to 2017.

Prior to joining Schroders, Albert worked with Barclays Capital in Singapore on the foreign exchange and derivatives sales desk for two years.

Separately, Amundi has also appointed Gilles Cutaya as deputy head of Amundi Marketing & Products.

Since 2015, Cutaya has been head of marketing and communication at the company. He was also deputy CEO of CPR from 2019.

From 2007 to 2015, Cutaya worked with Lyxor Asset Management. He served several key positions at the firm, including global head of client relations & services and head of marketing & strategy.

Prior to that, he was as a product engineer at Axa Investment Manager.

The new appoints will take effect from 1 November 2021, the company said in a statement.

In August this year, Amundi US appointed Jonathan Duensing as senior managing director and head of fixed income for the US.

In July, Bloomberg reported that the asset manager was eyeing to more than double its assets under management in the Greater China region to $250bn.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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