Giving a displeased father, a craftsman savoy, 18 years old Yves Perrier abandoned a promising career as a professional footballer to join the Essec business school of Paris, one of the best business school in Europe. There has never regretted it, much less now that Amundi is getting a great success, the acquisition by Unicredit of the subsidiary of the Italian asset management Pioneer, valued four billion. Pioneer was in the viewfinder of Perrier already in 2010, but then the prey escaped. The head of Amundi, the giant of the French and european leader in the asset management (a thousand billion of assets managed in the world), after a few years, returned to take an interest in the Pioneer and this time should do it, defeating the consortium formed by the Italian post office and Ameriprise Financial.
climbing
Born in 1954, after the football and studies in the grande école Essec, Perrier has begun the career in audit and consulting, and then joined Société Générale up to fill the role of Chief Financial Officer from 1995 to 1999. After an experience of Crédit Lyonnais, Perrier in 2003 and joined the executive committee of Crédit Agricole, becoming responsible for the asset management of the bank in 2007. In 2010, the operation which at the time raised not a few eyebrows, the creation of Crédit Agricole (80%) and Société Générale (20%) a pole common to the management of active, baptized Amundi, which was officially born on the first of January 2010 with the head, from the start, Yves Perrier. In a few years, Amundi has been able to conquer space in the international markets. Ago talk about self-less French brand more well known to the public as Lvmh or Dassault, but Amundi immediately begins a policy of acquisitions that leads to the exit from the n ational logic. In 2013, the american Smith Breeden, the following year, KAF Fund management in Malaysia (in this way, Amundi working with the government for the birth of the first pension fund of the asian Country), in 2015, he joined the group of the austrian society of asset management Bawag. In November of the same year the listing on the Stock exchange, and the sale by Société Générale of its 20%. “The listing will allow us to pay for securities of any acquisitions,” he said at the time, Perrier. The head of Amundi’s is known for the direct ways and not to be too media. In the past, Perrier has rarely taken positions on european policy, but when it did, for example on the financial transaction tax, has been rather sharp. “Develop a strong financial centre at the european level also means strengthening employment in the sector and contribute to economic development in general,” he said in the summer of 2014 —. And the key point of such a develo pment is, first of all, avoid making additional problems such as the tax on financial transactions, which, if entered into force, it should at least avoid penalizing too much the savings, or lead to a distortion of competition. It means to put the taxation of saving at the right level, and finally strengthening the cooperation between the different actors”. (Italy has placed the Tobin Tax in the law for the stability of 2013, and continue discussions in the other european Countries to adopt it).
Sizes
a thousand billion managed by Amundi allow the company to participate, at least to the same sample of leading u.s. and global BlackRock, five times as much. It is not yet certain how it will be funded the acquisition of Pioneer. According to the Financial Times, Yves Perrier is reportedly looking to increase the capital of Amundi to 1.5 to 2 billion euros. Today, Amundi capitalizes on the Stock exchange for eight billion. The operation of the capital increase would be carried out at the beginning of 2017, and may dilute the participation of Crédit Agricole, which continues to hold more than three-quarters of Amundi. The acquisition of Pioneer, serves to strengthen the european leadership, but faithful to the passion for football, Perrier has in mind a similar strategy to that of Manchester United: to become a strong and recognized even in Asia. “We are already the largest platform in Europe — said Perrier time ago, to FT —, the go al is to turn asia into a second domestic market. I have a lot of respect for Alex Ferguson not only has it created a team, but has also developed a global brand, particularly in Asia. That’s what I want to do with Amundi”. And also in this optical Pioneer may prove to be a very useful tool, because of its long presence on the continent is judged to be capable of promoting synergies and penetration into the Asia of both companies.
December 12, 2016 (change the December 12, 2016 | 11:33)
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