An Audience With

Amundi’s Valérie Baudson: ‘2024 probably won’t be incredibly positive’

It’s been a tough couple of years for asset managers. Amundi’s chief executive thinks the sector still isn’t out of the woods

Even in a rough environment, Valérie Baudson says mergers and ETFs could help boost her fund house
Even in a rough environment, Valérie Baudson says mergers and ETFs could help boost her fund house Photo: Danilo Agutoli for FN

When Valérie Baudson was announced as chief executive of Amundi in May 2021, it was a boom time for the sector. Asset managers were riding the wave of rising equity markets and a broadly positive outlook.

The honeymoon was short-lived. In 2022, the European asset management sector experienced one of its worst years on record. Investors pulled €130bn from funds, while revenue and profit across the sector was hit by a worsening economic environment. And the industry is not yet out of the woods.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line