Asset Management

Amundi recruits former L&G index specialist

Michael Stewart joins Paris-headquartered asset manager following recent departure from fund arm of UK-listed insurance group

Amundi’s index business includes its $307bn ETF division, which is Europe’s second-largest provider of the products
Amundi’s index business includes its $307bn ETF division, which is Europe’s second-largest provider of the products Photo: HJBC/Getty Images

Amundi, Europe’s largest fund management group, has hired former L&G index specialist Michael Stewart after the UK-listed insurance and investment group merged two of its key businesses and said it would axe 70 jobs.

Stewart, who joined L&G in 2019 as a product principal, was promoted to head of index investment specialists at the £1.1tn asset manager in March.

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