The €954 billion French asset manager Amundi has named new deputy CEOs to businesses in both London and Paris, as it gears up for an initial public offering later this year.

The asset manager has confirmed that Anne Martel, who joined as global head of internal audit in 2011, replaced Hervé LeClercq in July as deputy chief executive and chief operating officer of Amundi in London. LeClercq has assumed a new position of co-deputy CEO of Amundi Alternative Investments, a €9 billion division chiefly focused on hedge funds.