Amundi has appointed Arnaud Llinas to head up its ETF business after he joined the firm as part of the Lyxor acquisition earlier this month.
In his new role, Llinas (pictured) will be responsible for leading the combined ETF arm which runs over €182bn assets under management (AUM), as at the end of December 2021.
Amundi’s previous head of ETF, indexing and smart beta Fannie Wurtz has been promoted to head of distribution and wealth division in the passive and alternative business lines.
He joined Lyxor in 2012 from parent company Société Générale where he was an equity derivatives trader before moving to head of listed products.
Llinas told ETF Stream: “We are bringing together Amundi’s expertise in partnerships and sustainability with Lyxor’s innovation and agility. It is all underpinned by exceptional people from product development to portfolio and relationship management.
“We can see that the ETF market is changing – towards new products, new solutions and a different approach to ETF distribution. Amundi will be the partner that investors need to respond to this. We are setting out to build the European ETF champion everyone deserves.”
The deal, which was initially agreed in April 2021, means Amundi is the second-largest ETF issuer in Europe ahead of DWS and behind BlackRock.
In an interview with ETF Stream earlier this month, Wurtz said economic factors such as low interest rates and rising costs made Amundi a natural consolidator across Europe.