Amundi AI finds its next CIO

Heinrich MerzFrench asset Amundi has appointed Heinrich Merz (pictured) as its chief investment officer of its alternative investment subsidiary, Amundi Alternative Investments (AAI).

Merz replaces Sylvie Dehove, who had been chief investment officer since January 2013 and moved internally to become head of market risks for the Amundi group.

Merz previously was 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 that he was a senior hedge fund specialist at Cambridge Associates.

AAI has $7 billion (€6.2 billion) of assets under management, while Amundi is a top ten manager globally by assets under management, with €950 billion worldwide, according to its own figures.

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