IPO-bound asset manager Amundi has named a new head of its UK and Ireland institutional business after the departure of Andy Wiggins, who only joined the firm late last year.

The €954 billion French fund manager - whose parents Crédit Agricole and Societe Generale last week declared their intention to launch an initial public offering for the firm - has replaced Wiggins with Frédéric Barthélemy, previously head of corporate relationships at Amundi London, according to a person familiar with the situation.