Amundi, a subsidiary jointly created by Societe Generale and Credit Agricole to regroup their activities of asset management, has appointed Raphael Sobotka as its global head of multi-asset management solutions for institutional investors.

Sobotka, prior to joining Amundi, was the chief investment officer of HSBC’s multimanager EMEA division in London.

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He replaces Alain Pitous, who left Amundi in order to join boutique group Talence Gestion.

Sobotka, who has 18 years of experience in the investment industry, was also associated with UBS Investment Bank in the past.

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