Amundi’s long-serving CIO, Ray Jovanovich, is retiring, and HSBC’s Ayaz Ebrahim is joining to run Asia equities.
The transfer from Société Générale Asset Management will ensure compliance with Chinese ownership rules and allow Lyxor to operate on the mainland for the first time.
The real work of figuring out the structure of the Credit Agricole/SG asset management merger wonÆt begin until September.
Working groups are being set up to iron out the details of the merger and its impact on businesses in this region.
The combined entity will become the ninth largest asset manager in the world.
Credit Agricole Asset Management believes strategic relationships in North Asia can help it weather a tough start to 2009.