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Amundi Picks CEO for Asia

Eddy Wong was named CEO of Asia at Amundi, the €1.95 trillion ($2.09 trillion) asset manager said in a statement on Nov. 7.

Wong joined the firm on Nov. 6 and became a member of Amundi’s executive committee. He leads the firm’s operations in North and South Asia, which includes Hong Kong, Taiwan, Singapore, Malaysia and Thailand, along with its joint ventures in mainland China.

Amundi has a joint venture with BOC Wealth Management to design and offer wealth management products primarily to Chinese retail investors. Its parent company Credit Agricole also has a joint venture with the Agricultural Bank of China and the Aluminum Corporation of China that offers mutual funds to retail and institutional investors in mainland China.

An Amundi spokesperson also confirmed that CEO of Amundi Hong Kong Kerry Ching left the firm on Oct. 31 and that Wong will assume her duties. Albert Tse, CEO for South Asia will report to Wong.

Wong joins Amundi after 13 years with J.P. Morgan Asset Management where he held senior positions such as CEO of China and most recently Asia Pacific head of institutional business, which he was promoted to in June.

A J.P. Morgan Asset Management spokesperson confirmed his departure but did not provide information about his successor. “We thank Eddy for his contributions to our APAC business and wish him the best in his future endeavors,” she said.

Amundi also announced that Xiaofeng Zhong has been made vice chair of Asia. Zhong has been chair of Greater China at the firm since 2020 and was previously deputy CEO of sales and marketing at Amundi Hong Kong and CEO of North Asia.

Source : Pensions & Investments