Amundi has appointed Heinrich Merz as new chief investment officer of its alternative investments subsidiary, Amundi Alternative Investments (Amundi AI).
Merz was formerly co-deputy chief investment officer at Permal Investment Management Services where he was a member of the firm’s investment committee and managed a number of funds, including customised hedge fund portfolios.
Prior to this, he was a senior hedge fund specialist at Cambridge Associates. From 2005 to 2008, Merz was trader then analyst in the equity team of Concordia Advisors, a multi-strategy hedge fund, where he started his career.
Pascal Blanqué, chief investment officer of Amundi, commented : “This appointment confirms Amundi’s commitment to the expansion of its alternative business to meet investors’ demand for truly innovative, integrated and customized multi-management solutions”.
Amundi had over €950 bn of assets under management worldwide at end September 2015.
Its alternative arm, Amundi AI, has above $7 bn (€6.4bn) in assets under management as at 30 September 2015.