Amundi has reshuffled the leadership of its €100 billion multi-asset business, appointing the former chief executive of Edmond de Rothschild's funds arm to run the unit for institutional clients.

Laurent Tignard left his post as CEO of Edmond de Rothschild Asset Management, which manages €78 billion, earlier this year. In his new role at Amundi, he will report to Vincent Mortier, global head of multi-asset and deputy chief investment officer, according to a statement on December 2.