People Moves

Amundi recruitment push signals intent in European ETF market

Tom Eckett

a woman smiling for the camera

Amundi has made a number of significant hires this year as it looks to

break the big four’s dominance

of the European ETF market.

The French firm remains just behind BlackRock, DWS, Lyxor and UBS with €40bn assets under management, according to data from Morningstar, however, it is clear Europe’s largest asset manager is making a significant push in this space.

This intent was highlighted at the start of the year when the firm poached Ashley Fagan from BlackRock to head up its ETF business in the UK and Ireland.

Subsequently in March, Amundi joined rivals in the core ETF space with a nine-strong range charging just 0.05% across the board.

Along with Fagan’s appointment, the French firm also hired two from Vanguard, Gregoire Blanc, who joined as head of ETF capital markets and Liz Wright as a senior ETF sales specialist, ETF Stream revealed.

Furthermore, the asset manager strengthened its presence in Switzerland, with the appointment of BlackRock’s Marco Strohmeier, and Germany, with Thomas Wiedenmann joining as ETF head of retail and wealth management along with Aysun Cifci and Drik Auersperg.

Fannie Wurtz (pictured), head of Amundi ETF, Indexing & Smart Beta, said the hires were made to “accelerate growth” in the ETF space.

“We have made a number of strategic hires to bolster our capabilities across sales, marketing and capital markets functions.”

Wurtz added this is part of Amundi’s plan to double its ETF, indexing and smart beta assets by 2023.

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